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

Posted by Jeff Wilder on Nov 27th, 2024

Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $52.83 and last traded at $52.63, with a volume of 1044 shares traded. The stock had previously closed at $52.38.

Franklin U.S. Equity Index ETF Trading Up 0.3 %

The firm’s fifty day moving average price is $50.84 and its two-hundred day moving average price is $48.76. The stock has a market capitalization of $1.28 billion, a PE ratio of 25.97 and a beta of 1.02.

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

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its position in Franklin U.S. Equity Index ETF by 587.0% during the third quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after purchasing an additional 27,337 shares in the last quarter. IronBridge Private Wealth LLC acquired a new stake in Franklin U.S. Equity Index ETF in the 3rd quarter valued at $261,000. Park Avenue Securities LLC increased 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 worth $1,012,000 after acquiring an additional 9,313 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF during the second quarter worth $85,695,000. Finally, Bank of New York Mellon Corp grew its position in shares of Franklin U.S. Equity Index ETF by 10.9% in the second 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.

Franklin U.S. Equity Index ETF Company Profile

(Get Free Report)

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).