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

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

Franklin U.S. Equity Index ETF Stock Performance

The company has a fifty day moving average of $65.36 and a two-hundred day moving average of $62.41. The firm has a market capitalization 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

A number of hedge funds and other institutional investors have recently modified their holdings of USPX. Franklin Resources Inc. grew its stake in shares of Franklin U.S. Equity Index ETF by 3.6% in 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 in the last quarter. Sequent Planning LLC raised its stake in Franklin U.S. Equity Index ETF by 15.5% in the 4th quarter. Sequent Planning LLC now owns 323,278 shares of the company’s stock worth $19,326,000 after purchasing an additional 43,489 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Franklin U.S. Equity Index ETF by 4.0% in the 4th quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock worth $118,780,000 after purchasing an additional 75,801 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Franklin U.S. Equity Index ETF by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock worth $80,261,000 after purchasing an additional 94,458 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Franklin U.S. Equity Index ETF by 68.4% in the 4th quarter. Atria Investments Inc now owns 71,483 shares of the company’s stock valued at $4,273,000 after purchasing an additional 29,037 shares during the period.

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).