Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.57 and last traded at $70.57, with a volume of 124 shares changing hands. The stock had previously closed at $65.92.
Franklin U.S. Equity Index ETF Stock Performance
The company has a market capitalization of $1.89 billion, a PE ratio of 25.39 and a beta of 0.92. The stock’s 50-day simple moving average is $63.57 and its 200 day simple moving average is $60.96.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its position in shares of Franklin U.S. Equity Index ETF by 160.2% in the 1st quarter. Jane Street Group LLC now owns 42,557 shares of the company’s stock valued at $2,085,000 after buying an additional 26,203 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Franklin U.S. Equity Index ETF in the second quarter valued at about $254,000. Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Franklin U.S. Equity Index ETF by 2.4% in the third quarter. Envestnet Asset Management Inc. now owns 13,264 shares of the company’s stock valued at $777,000 after buying an additional 312 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Franklin U.S. Equity Index ETF by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 431,681 shares of the company’s stock valued at $25,288,000 after buying an additional 13,249 shares in 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).
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