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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) reached a new 52-week high during trading on Friday . The company traded as high as $53.61 and last traded at $53.50, with a volume of 914 shares trading hands. The stock had previously closed at $53.51.

Franklin U.S. Equity Index ETF Stock Down 0.2 %

The business has a 50-day simple moving average of $52.39 and a two-hundred day simple moving average of $50.40. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC lifted its stake in Franklin U.S. Equity Index ETF by 2.4% during the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after purchasing an additional 493 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 587.0% during the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after acquiring an additional 27,337 shares during the last quarter. IronBridge Private Wealth LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the 3rd quarter worth $261,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Franklin U.S. Equity Index ETF in the 2nd quarter worth $85,695,000.

Franklin U.S. Equity Index ETF Company Profile

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).