Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 12-Month High at $47.99

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price hit a new 52-week high on Thursday . The stock traded as high as $47.99 and last traded at $47.78, with a volume of 745 shares traded. The stock had previously closed at $47.79.

Franklin U.S. Equity Index ETF Stock Down 0.3 %

The firm has a 50-day moving average of $46.19 and a two-hundred day moving average of $44.43. The company has a market capitalization of $1.15 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Franklin U.S. Equity Index ETF stock. Franklin Resources Inc. increased its stake in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,925,983 shares of the company’s stock after acquiring an additional 1,493,880 shares during the period. Franklin Resources Inc. owned approximately 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).