Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 12-Month High – Here’s Why

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $53.03 and last traded at $53.03, with a volume of 127 shares changing hands. The stock had previously closed at $52.93.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a fifty day moving average price of $51.09 and a two-hundred day moving average price of $48.95. The stock has a market capitalization of $1.28 billion, a P/E ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Several institutional investors have recently added to or reduced their stakes in USPX. IronBridge Private Wealth LLC purchased a new position in Franklin U.S. Equity Index ETF during the third quarter valued at approximately $261,000. Park Avenue Securities LLC lifted its position in Franklin U.S. Equity Index ETF by 86.1% during the third quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock valued at $1,012,000 after purchasing an additional 9,313 shares during the period. Jane Street Group LLC lifted its position in Franklin U.S. Equity Index ETF by 587.0% during the third quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after purchasing an additional 27,337 shares during the period. Bank of New York Mellon Corp lifted its position in Franklin U.S. Equity Index ETF by 10.9% during the second quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock valued at $60,370,000 after purchasing an additional 124,376 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF during the second quarter valued at $85,695,000.

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).