Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Hits New 52-Week High – Still a Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $51.21 and last traded at $51.17, with a volume of 2696 shares. The stock had previously closed at $51.15.

Franklin U.S. Equity Index ETF Price Performance

The business’s fifty day moving average price is $49.15 and its 200 day moving average price is $47.43. The firm has a market capitalization of $1.23 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Park Avenue Securities LLC increased its stake in shares of Franklin U.S. Equity Index ETF by 86.1% during the 3rd quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock valued at $1,012,000 after acquiring an additional 9,313 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Franklin U.S. Equity Index ETF by 10.9% in 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 purchasing an additional 124,376 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF during the second quarter worth approximately $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).