Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) shares saw an uptick in trading volume on Friday. 1,192,360 shares changed hands during trading, an increase of 1,299% from the average daily volume of 85,225 shares. The stock last traded at $65.7950 and had previously closed at $66.15.
Franklin U.S. Equity Index ETF Price Performance
The company has a fifty day simple moving average of $66.89 and a two-hundred day simple moving average of $63.94. The company has a market capitalization of $2.04 billion, a P/E ratio of 23.77 and a beta of 0.94.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its stake in shares of 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 in the last quarter. RFG Advisory LLC acquired a new position in Franklin U.S. Equity Index ETF during the second quarter valued at approximately $4,247,000. Park Avenue Securities LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the third quarter valued at approximately $1,914,000. Cetera Investment Advisers raised its position 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 valued at $930,000 after purchasing an additional 3,466 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Franklin U.S. Equity Index ETF in the third quarter valued at approximately $475,000.
Franklin U.S. Equity Index ETF Company Profile
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).
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