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 hit a new 52-week high during trading on Thursday . The stock traded as high as $53.85 and last traded at $53.79, with a volume of 69506 shares traded. The stock had previously closed at $53.68.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02. The business has a fifty day moving average of $52.54 and a two-hundred day moving average of $51.10.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of institutional investors have recently bought and sold shares of the company. LPL Financial LLC increased its stake in shares of Franklin U.S. Equity Index ETF by 1,349.5% during the 4th quarter. LPL Financial LLC now owns 78,375 shares of the company’s stock worth $4,024,000 after purchasing an additional 72,968 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Franklin U.S. Equity Index ETF by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock valued at $56,023,000 after buying an additional 65,806 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Franklin U.S. Equity Index ETF by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock valued at $95,557,000 after buying an additional 38,940 shares during the last quarter. Jane Street Group LLC grew its holdings 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 valued at $1,608,000 after buying an additional 27,337 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Franklin U.S. Equity Index ETF by 4.2% during the fourth quarter. JPMorgan Chase & Co. now owns 322,006 shares of the company’s stock worth $16,533,000 after buying an additional 13,094 shares in 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).