Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Hits New 12-Month High – Still a Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $61.22 and last traded at $61.20, with a volume of 1701 shares trading hands. The stock had previously closed at $60.66.

Franklin U.S. Equity Index ETF Stock Performance

The company has a market capitalization of $1.77 billion, a P/E ratio of 25.39 and a beta of 0.91. The business has a 50 day moving average of $58.84 and a 200-day moving average of $59.38.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in USPX. Kestra Advisory Services LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the 4th quarter valued at $35,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the 4th quarter valued at $46,000. Huntington National Bank bought a new stake in shares of Franklin U.S. Equity Index ETF during the 3rd quarter valued at $53,000. Larson Financial Group LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the 4th quarter valued at $106,000. Finally, Bank of America Corp DE raised its stake in shares of Franklin U.S. Equity Index ETF by 19.9% during the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after purchasing an additional 455 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).