Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 52-Week High – Here’s Why

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $53.61 and last traded at $53.62, with a volume of 205 shares trading hands. The stock had previously closed at $53.60.

Franklin U.S. Equity Index ETF Stock Down 0.0 %

The business has a 50 day simple moving average of $52.51 and a 200 day simple moving average of $50.83. The company has a market capitalization of $1.30 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of USPX. Park Avenue Securities LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 2.4% in the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after acquiring an additional 493 shares in the last quarter. Mariner LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 32.5% in the fourth quarter. Mariner LLC now owns 10,377 shares of the company’s stock valued at $533,000 after acquiring an additional 2,546 shares in the last quarter. Latitude Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $252,000. IronBridge Private Wealth LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the third quarter valued at approximately $261,000. Finally, Atria Investments Inc lifted its position in shares of 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 valued at $13,534,000 after acquiring an additional 7,159 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).