Park Avenue Securities LLC bought a new stake in Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Free Report) in the third quarter, HoldingsChannel reports. The fund bought 28,644 shares of the company’s stock, valued at approximately $1,914,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased 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 buying an additional 153,460 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 last quarter. RFG Advisory LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the 2nd quarter valued at about $4,247,000. Cetera Investment Advisers grew its holdings in shares of 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 in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Franklin U.S. Equity Index ETF in the 3rd quarter valued at about $475,000.
Franklin U.S. Equity Index ETF Stock Performance
NYSEARCA:USPX opened at $65.98 on Friday. The stock’s 50-day simple moving average is $67.14 and its 200 day simple moving average is $63.70. The company has a market cap of $2.03 billion, a P/E ratio of 25.39 and a beta of 0.92. Franklin U.S. Equity Index ETF has a 52-week low of $54.99 and a 52-week high of $68.47.
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).
Read More
- Five stocks we like better than Franklin U.S. Equity Index ETF
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding USPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Free Report).
Receive News & Ratings for Franklin U.S. Equity Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin U.S. Equity Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.
