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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $44.28, but opened at $42.71. Franklin U.S. Equity Index ETF shares last traded at $45.60, with a volume of 22,278 shares changing hands.

Franklin U.S. Equity Index ETF Stock Down 3.4 %

The firm has a market cap of $1.11 billion, a PE ratio of 24.59 and a beta of 0.89. The business has a 50 day simple moving average of $50.25 and a two-hundred day simple moving average of $51.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in USPX. Sanctuary Advisors LLC boosted its position in Franklin U.S. Equity Index ETF by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock valued at $95,557,000 after buying an additional 38,940 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Franklin U.S. Equity Index ETF by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock valued at $56,023,000 after acquiring an additional 65,806 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Franklin U.S. Equity Index ETF by 4.2% in the fourth quarter. JPMorgan Chase & Co. now owns 322,006 shares of the company’s stock valued at $16,533,000 after purchasing an additional 13,094 shares during the period. Atria Investments Inc grew its stake in Franklin U.S. Equity Index ETF by 2.8% in the fourth quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock worth $13,534,000 after purchasing an additional 7,159 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Franklin U.S. Equity Index ETF by 1,349.5% during the 4th quarter. LPL Financial LLC now owns 78,375 shares of the company’s stock worth $4,024,000 after purchasing an additional 72,968 shares during the period.

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).