Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 12-Month High – Here’s Why

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $65.63 and last traded at $65.63, with a volume of 1776 shares trading hands. The stock had previously closed at $64.88.

Franklin U.S. Equity Index ETF Price Performance

The firm has a market cap of $1.92 billion, a PE ratio of 25.39 and a beta of 0.92. The company’s 50 day moving average price is $61.09 and its 200 day moving average price is $60.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Franklin U.S. Equity Index ETF by 2.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 13,264 shares of the company’s stock valued at $777,000 after purchasing an additional 312 shares during the last quarter. Bank of America Corp DE increased its holdings in Franklin U.S. Equity Index ETF by 19.9% in the second quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after buying an additional 455 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Equity Index ETF in the fourth quarter valued at $35,000. O Shaughnessy Asset Management LLC acquired a new stake in Franklin U.S. Equity Index ETF in the fourth quarter valued at $46,000. Finally, Huntington National Bank purchased a new stake in Franklin U.S. Equity Index ETF during the 3rd quarter worth about $53,000.

About Franklin U.S. Equity Index ETF

The fund invests at least 80% of its assets in the component securities of the underlying index. The index is a free float-adjusted market capitalization weighted index that is maintained and calculated by Morningstar, Inc (Morningstar or index provider).