Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Hits New 52-Week High – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $69.61 and last traded at $66.9590, with a volume of 174 shares. The stock had previously closed at $66.32.

Franklin U.S. Equity Index ETF Stock Up 0.8%

The stock’s fifty day simple moving average is $66.32 and its two-hundred day simple moving average is $63.48. The firm has a market cap of $2.05 billion, a PE ratio of 25.39 and a beta of 0.93.

Institutional Trading of Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in USPX. RFG Advisory LLC bought a new position in Franklin U.S. Equity Index ETF during the 2nd quarter valued at approximately $4,247,000. Second Line Capital LLC bought a new stake in Franklin U.S. Equity Index ETF in the second quarter worth $325,000. TOWER TRUST & INVESTMENT Co bought a new stake in Franklin U.S. Equity Index ETF in the second quarter worth $82,000. CoreCap Advisors LLC purchased a new stake in shares of Franklin U.S. Equity Index ETF in the second quarter worth $37,000. Finally, Cetera Investment Advisers grew its stake in shares of Franklin U.S. Equity Index ETF by 26.9% in the first quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock worth $930,000 after acquiring an additional 3,466 shares during the last quarter.

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).