Sequent Planning LLC boosted its holdings in Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Free Report) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,278 shares of the company’s stock after acquiring an additional 43,489 shares during the quarter. Franklin U.S. Equity Index ETF accounts for approximately 4.9% of Sequent Planning LLC’s holdings, making the stock its 2nd largest position. Sequent Planning LLC owned approximately 1.14% of Franklin U.S. Equity Index ETF worth $19,326,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of USPX. Huntington National Bank bought a new position in shares of Franklin U.S. Equity Index ETF during the 3rd quarter valued at $53,000. Bank of America Corp DE lifted its holdings in shares of Franklin U.S. Equity Index ETF by 19.9% during the 2nd 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 period. Bogart Wealth LLC bought a new position in shares of Franklin U.S. Equity Index ETF during the 4th quarter valued at $152,000. Cetera Investment Advisers bought a new position in shares of Franklin U.S. Equity Index ETF during the 2nd quarter valued at $254,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Franklin U.S. Equity Index ETF by 2.4% during the 3rd 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 during the period.
Franklin U.S. Equity Index ETF Price Performance
NYSEARCA USPX opened at $64.55 on Monday. The business’s fifty day moving average price is $60.11 and its 200-day moving average price is $60.00. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92. Franklin U.S. Equity Index ETF has a 1-year low of $50.70 and a 1-year high of $65.41.
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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