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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $66.55 and last traded at $66.55, with a volume of 1517 shares trading hands. The stock had previously closed at $66.22.

Franklin U.S. Equity Index ETF Price Performance

The business has a 50 day moving average price of $65.19 and a 200 day moving average price of $62.11. The firm has a market capitalization of $2.06 billion, a P/E ratio of 25.39 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in shares of Franklin U.S. Equity Index ETF by 3.6% in the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after acquiring an additional 401,364 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 7.7% during the 1st quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock worth $121,726,000 after buying an additional 153,460 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Equity Index ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock worth $80,261,000 after buying an additional 94,458 shares during the period. JPMorgan Chase & Co. boosted its stake in Franklin U.S. Equity Index ETF by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 459,094 shares of the company’s stock valued at $27,445,000 after buying an additional 27,413 shares in the last quarter. Finally, Sequent Planning LLC grew its position in Franklin U.S. Equity Index ETF by 15.6% in the first quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock valued at $21,261,000 after acquiring an additional 50,573 shares during the period.

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).