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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $67.66 and last traded at $67.66, with a volume of 911 shares traded. The stock had previously closed at $67.60.

Franklin U.S. Equity Index ETF Trading Down 0.1%

The firm’s 50-day moving average is $65.31 and its two-hundred day moving average is $62.30. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 25.39 and a beta of 0.93.

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

Several large investors have recently bought and sold shares of USPX. Franklin Resources Inc. raised its holdings in shares of Franklin U.S. Equity Index ETF by 3.6% during the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after acquiring an additional 401,364 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 7.7% in the first quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after acquiring an additional 153,460 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Franklin U.S. Equity Index ETF by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock worth $80,261,000 after acquiring an additional 94,458 shares during the last quarter. Sequent Planning LLC boosted its stake in shares of Franklin U.S. Equity Index ETF by 15.6% in the first quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock worth $21,261,000 after acquiring an additional 50,573 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Franklin U.S. Equity Index ETF during the third quarter worth approximately $1,912,000.

About Franklin U.S. Equity Index ETF

(Get Free Report)

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).

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