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

Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $53.61 and last traded at $53.62, with a volume of 205 shares. The stock had previously closed at $53.60.

Franklin U.S. Equity Index ETF Stock Performance

The company has a 50-day moving average price of $52.51 and a 200-day moving average price of $50.83. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Large investors have recently made changes to their positions in the company. Latitude Advisors LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 4th quarter worth approximately $252,000. IronBridge Private Wealth LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the third quarter worth $261,000. Mariner LLC boosted its holdings in shares of Franklin U.S. Equity Index ETF by 32.5% during the fourth quarter. Mariner LLC now owns 10,377 shares of the company’s stock worth $533,000 after purchasing an additional 2,546 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Franklin U.S. Equity Index ETF by 2.4% during the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock worth $1,059,000 after purchasing an additional 493 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Franklin U.S. Equity Index ETF by 587.0% during the third quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after purchasing an additional 27,337 shares during the last quarter.

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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