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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) reached a new 52-week high during mid-day 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 Price Performance

The firm’s fifty day moving average price is $52.51 and its 200-day moving average price is $50.90. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC boosted its position in Franklin U.S. Equity Index ETF by 2.4% during the 4th quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock worth $1,059,000 after acquiring an additional 493 shares during the period. Mariner LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 32.5% during the fourth quarter. Mariner LLC now owns 10,377 shares of the company’s stock valued at $533,000 after purchasing an additional 2,546 shares in the last quarter. Latitude Advisors LLC acquired a new stake in Franklin U.S. Equity Index ETF in the fourth quarter worth about $252,000. IronBridge Private Wealth LLC bought a new position in Franklin U.S. Equity Index ETF in the 3rd quarter valued at about $261,000. Finally, Atria Investments Inc increased its stake in Franklin U.S. Equity Index ETF by 2.8% during the 4th quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock valued at $13,534,000 after buying an additional 7,159 shares during the period.

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).