Latitude Advisors LLC Invests $252,000 in Franklin U.S. Equity Index ETF (NYSEARCA:USPX)

Latitude Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF (NYSEARCA:USPX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,908 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds also recently added to or reduced their stakes in USPX. IronBridge Private Wealth LLC bought a new stake in shares of Franklin U.S. Equity Index ETF in the 3rd quarter worth $261,000. Park Avenue Securities LLC increased its holdings in Franklin U.S. Equity Index ETF by 2.4% in the 4th quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock worth $1,059,000 after buying an additional 493 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Franklin U.S. Equity Index ETF by 587.0% in the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after buying an additional 27,337 shares during the last quarter.

Franklin U.S. Equity Index ETF Stock Performance

USPX opened at $53.15 on Tuesday. The company’s 50-day simple moving average is $52.51 and its two-hundred day simple moving average is $50.76. Franklin U.S. Equity Index ETF has a 52-week low of $43.01 and a 52-week high of $53.61. The stock has a market capitalization of $1.29 billion, a P/E ratio of 25.97 and a beta of 1.02.

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).