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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.46 and last traded at $50.46, with a volume of 1787 shares traded. The stock had previously closed at $50.20.

Franklin U.S. Equity Index ETF Price Performance

The stock has a market capitalization of $1.22 billion, a P/E ratio of 25.97 and a beta of 1.02. The stock’s fifty day moving average is $48.63 and its 200-day moving average is $47.22.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in USPX. Park Avenue Securities LLC grew its holdings in Franklin U.S. Equity Index ETF by 86.1% in the 3rd quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock valued at $1,012,000 after buying an additional 9,313 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Franklin U.S. Equity Index ETF by 10.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock valued at $60,370,000 after purchasing an additional 124,376 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF during the second quarter worth $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).