Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Shares Gap Up – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price gapped up before the market opened on Friday . The stock had previously closed at $66.27, but opened at $74.34. Franklin U.S. Equity Index ETF shares last traded at $74.34, with a volume of 113 shares changing hands.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a fifty day simple moving average of $62.13 and a 200-day simple moving average of $60.57. The firm has a market cap of $1.91 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

Hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 4th quarter valued at $35,000. O Shaughnessy Asset Management LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 4th quarter valued at $46,000. Huntington National Bank acquired a new stake in Franklin U.S. Equity Index ETF during the 3rd quarter valued at $53,000. Larson Financial Group LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 4th quarter valued at $106,000. Finally, Bank of America Corp DE lifted its holdings in Franklin U.S. Equity Index ETF by 19.9% during the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after purchasing an additional 455 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).