Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 1-Year High – Still a Buy?

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) reached a new 52-week high 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 Price Performance

The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02. The firm has a 50-day moving average price of $52.54 and a two-hundred day moving average price of $51.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC boosted its position in Franklin U.S. Equity Index ETF by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock valued at $95,557,000 after purchasing an additional 38,940 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Franklin U.S. Equity Index ETF by 6.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock valued at $56,023,000 after purchasing an additional 65,806 shares during the last quarter. JPMorgan Chase & Co. boosted 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 valued at $16,533,000 after purchasing an additional 13,094 shares during the last quarter. Atria Investments Inc boosted its position in Franklin U.S. Equity Index ETF by 2.8% during the fourth quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock valued at $13,534,000 after purchasing an additional 7,159 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Franklin U.S. Equity Index ETF by 1,349.5% during the fourth quarter. LPL Financial LLC now owns 78,375 shares of the company’s stock valued at $4,024,000 after purchasing an additional 72,968 shares during 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).