Park Avenue Securities LLC Acquires 28,644 Shares of Franklin U.S. Equity Index ETF $USPX

Park Avenue Securities LLC bought a new position in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,644 shares of the company’s stock, valued at approximately $1,914,000. Park Avenue Securities LLC owned 0.09% of Franklin U.S. Equity Index ETF at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in USPX. Sanctuary Advisors LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 7.7% in the 1st quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after purchasing an additional 153,460 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Franklin U.S. Equity Index ETF by 7.2% during the first 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. RFG Advisory LLC bought a new position in shares of Franklin U.S. Equity Index ETF during the second quarter worth about $4,247,000. Cetera Investment Advisers grew its holdings in shares of Franklin U.S. Equity Index ETF by 26.9% during the first quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock worth $930,000 after buying an additional 3,466 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Franklin U.S. Equity Index ETF during the third quarter worth about $475,000.

Franklin U.S. Equity Index ETF Stock Performance

Shares of Franklin U.S. Equity Index ETF stock opened at $65.98 on Friday. The business’s 50 day simple moving average is $67.14 and its 200 day simple moving average is $63.70. Franklin U.S. Equity Index ETF has a 52-week low of $54.99 and a 52-week high of $68.47. The firm has a market cap of $2.03 billion, a PE ratio of 25.39 and a beta of 0.92.

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).