Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 52-Week High – Should You Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) reached a new 52-week high during trading on Monday . The stock traded as high as $53.03 and last traded at $53.03, with a volume of 127 shares changing hands. The stock had previously closed at $52.93.

Franklin U.S. Equity Index ETF Stock Up 0.2 %

The firm has a market cap of $1.28 billion, a P/E ratio of 25.97 and a beta of 1.02. The business’s 50 day moving average is $51.09 and its 200-day moving average is $48.95.

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

A number of large investors have recently added to or reduced their stakes in USPX. IronBridge Private Wealth LLC acquired a new position in Franklin U.S. Equity Index ETF in the third quarter valued at about $261,000. Park Avenue Securities LLC grew its position 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 valued at $1,012,000 after buying an additional 9,313 shares during the last quarter. Jane Street Group LLC raised its stake in 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 buying an additional 27,337 shares during the period. Bank of New York Mellon Corp increased its position in shares of Franklin U.S. Equity Index ETF by 10.9% during the second quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock valued at $60,370,000 after acquiring 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 second quarter worth $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).