Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Hits New 1-Year High – Should You Buy?

Posted by Trevor Kearing on Dec 4th, 2024

Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.03 and last traded at $53.03, with a volume of 127 shares traded. The stock had previously closed at $52.93.

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

The firm has a 50 day moving average of $51.16 and a 200-day moving average of $49.00. The company has a market cap of $1.28 billion, a P/E ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IronBridge Private Wealth LLC bought a new position in Franklin U.S. Equity Index ETF in the 3rd quarter valued at $261,000. Park Avenue Securities LLC increased its holdings in Franklin U.S. Equity Index ETF by 86.1% during the third 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 increased its holdings in shares of Franklin U.S. Equity Index ETF by 587.0% in the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after acquiring an additional 27,337 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Equity Index ETF by 10.9% during 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 buying an additional 124,376 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF during the second quarter valued at approximately $85,695,000.

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).