Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Shares Gap Up – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) gapped up prior to trading on Friday . The stock had previously closed at $66.27, but opened at $74.34. Franklin U.S. Equity Index ETF shares last traded at $74.34, with a volume of 113 shares changing hands.

Franklin U.S. Equity Index ETF Stock Performance

The company has a market cap of $1.91 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92. The firm has a fifty day moving average price of $62.13 and a 200 day moving average price of $60.57.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Several large investors have recently made changes to their positions in USPX. Kestra Advisory Services LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF in the 4th quarter valued at approximately $35,000. O Shaughnessy Asset Management LLC acquired a new position in Franklin U.S. Equity Index ETF during the fourth quarter worth approximately $46,000. Huntington National Bank acquired a new position in Franklin U.S. Equity Index ETF during the third quarter worth approximately $53,000. Larson Financial Group LLC acquired a new position in Franklin U.S. Equity Index ETF during the fourth quarter worth approximately $106,000. Finally, Bank of America Corp DE increased its position in Franklin U.S. Equity Index ETF by 19.9% during the second quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock worth $149,000 after buying an additional 455 shares during the last quarter.

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).