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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price reached a new 52-week high on Friday . The stock traded as high as $53.61 and last traded at $53.50, with a volume of 914 shares traded. The stock had previously closed at $53.51.

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

The firm’s 50-day moving average price is $52.39 and its two-hundred day moving average price is $50.40. The firm has a market capitalization of $1.29 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of hedge funds have recently modified their holdings of USPX. IronBridge Private Wealth LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the third quarter worth approximately $261,000. Park Avenue Securities LLC boosted 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 buying an additional 9,313 shares during the period. 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 valued at $1,608,000 after buying an additional 27,337 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF during the 2nd quarter valued at $85,695,000.

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).