Franklin U.S. Equity Index ETF (NYSEARCA:FLQG) Trading 0.5% Higher

Franklin U.S. Equity Index ETF (NYSEARCA:FLQG) shares rose 0.5% on Wednesday . The company traded as high as $39.46 and last traded at $39.42. Approximately 6,741 shares traded hands during trading, an increase of 871% from the average daily volume of 694 shares. The stock had previously closed at $39.22.

Franklin U.S. Equity Index ETF Price Performance

The business has a fifty day moving average of $38.95 and a 200 day moving average of $36.89. The stock has a market cap of $849.41 million, a price-to-earnings ratio of 22.74 and a beta of 0.85.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

A hedge fund recently raised its stake in Franklin U.S. Equity Index ETF stock. Bank of America Corp DE lifted its holdings in Franklin U.S. Equity Index ETF (NYSEARCA:FLQG) by 69.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 669 shares of the company’s stock after buying an additional 274 shares during the quarter. Bank of America Corp DE owned about 0.17% of Franklin U.S. Equity Index ETF worth $27,000 at the end of the most recent 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).