Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Hits New 1-Year High – Should You Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $52.83 and last traded at $52.63, with a volume of 1044 shares. The stock had previously closed at $52.38.

Franklin U.S. Equity Index ETF Price Performance

The company has a market cap of $1.28 billion, a P/E ratio of 25.97 and a beta of 1.02. The firm’s 50-day moving average is $50.84 and its two-hundred day moving average is $48.76.

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

Several large investors have recently added to or reduced their stakes in USPX. IronBridge Private Wealth LLC purchased a new stake in Franklin U.S. Equity Index ETF during the 3rd quarter valued at $261,000. Park Avenue Securities LLC lifted its holdings in shares of Franklin U.S. Equity Index ETF by 86.1% in the 3rd quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after acquiring an additional 9,313 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Franklin U.S. Equity Index ETF by 587.0% during the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after purchasing an additional 27,337 shares during the period. Bank of New York Mellon Corp grew its holdings in Franklin U.S. Equity Index ETF by 10.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock valued at $60,370,000 after purchasing an additional 124,376 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF in the 2nd quarter worth about $85,695,000.

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).