Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 12-Month High – What’s Next?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $53.61 and last traded at $53.50, with a volume of 914 shares trading hands. The stock had previously closed at $53.51.

Franklin U.S. Equity Index ETF Trading Up 0.0 %

The firm has a market capitalization of $1.30 billion, a P/E ratio of 25.97 and a beta of 1.02. The business has a 50 day moving average of $52.35 and a 200-day moving average of $50.36.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USPX. IronBridge Private Wealth LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF in the 3rd quarter valued at about $261,000. Park Avenue Securities LLC grew its holdings in shares of 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 worth $1,012,000 after buying an additional 9,313 shares in the last quarter. Jane Street Group LLC raised its position in Franklin U.S. Equity Index ETF by 587.0% in the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after buying an additional 27,337 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Franklin U.S. Equity Index ETF in the 2nd quarter valued at approximately $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).