Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Hits New 1-Year High – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $65.63 and last traded at $65.63, with a volume of 1776 shares trading hands. The stock had previously closed at $64.88.

Franklin U.S. Equity Index ETF Stock Performance

The business’s 50 day moving average is $60.80 and its 200-day moving average is $60.20. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its stake in Franklin U.S. Equity Index ETF by 26.9% in the 1st quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock valued at $930,000 after acquiring an additional 3,466 shares during the period. Bank of New York Mellon Corp grew its stake in Franklin U.S. Equity Index ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock valued at $80,261,000 after acquiring an additional 94,458 shares during the period. Sanctuary Advisors LLC grew its stake in 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 acquiring an additional 153,460 shares during the period. Sequent Planning LLC grew its stake in Franklin U.S. Equity Index ETF by 15.6% in the 1st 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. Finally, Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Equity Index ETF in the 4th quarter valued at $35,000.

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).