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 share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $51.66 and last traded at $51.64, with a volume of 1014 shares trading hands. The stock had previously closed at $50.53.

Franklin U.S. Equity Index ETF Trading Up 2.7 %

The firm has a 50-day moving average of $49.85 and a 200 day moving average of $48.02. The company has a market cap of $1.26 billion, a P/E ratio of 25.97 and a beta of 1.02.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC raised its stake in Franklin U.S. Equity Index ETF by 86.1% during the 3rd quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after buying an additional 9,313 shares during the period. Sanctuary Advisors LLC bought a new stake in Franklin U.S. Equity Index ETF during the second quarter worth $85,695,000. Finally, Bank of New York Mellon Corp increased its position in Franklin U.S. Equity Index ETF by 10.9% in the second quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock worth $60,370,000 after buying an additional 124,376 shares during the last quarter.

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).