Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 52-Week High at $48.18

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $48.18 and last traded at $48.17, with a volume of 7929 shares changing hands. The stock had previously closed at $47.92.

Franklin U.S. Equity Index ETF Stock Performance

The company has a market capitalization of $1.17 billion, a PE ratio of 25.97 and a beta of 1.02. The company’s 50-day simple moving average is $46.34 and its 200-day simple moving average is $44.57.

Institutional Trading of Franklin U.S. Equity Index ETF

An institutional investor recently raised its position in Franklin U.S. Equity Index ETF stock. Franklin Resources Inc. boosted its holdings in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,925,983 shares of the company’s stock after buying an additional 1,493,880 shares during the period. Franklin Resources Inc. owned 92.46% of Franklin U.S. Equity Index ETF worth $829,314,000 at the end of the most recent reporting period.

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).