Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 1-Year High – Time to Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $66.55 and last traded at $66.55, with a volume of 1517 shares changing hands. The stock had previously closed at $66.22.

Franklin U.S. Equity Index ETF Trading Up 1.2%

The firm has a market cap of $2.06 billion, a P/E ratio of 25.39 and a beta of 0.93. The company’s fifty day moving average price is $65.19 and its two-hundred day moving average price is $62.11.

Institutional Trading of Franklin U.S. Equity Index ETF

Several large investors have recently added to or reduced their stakes in the company. TOWER TRUST & INVESTMENT Co bought a new position in shares of Franklin U.S. Equity Index ETF in the second quarter valued at approximately $82,000. CoreCap Advisors LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 2nd quarter valued at $37,000. Cetera Investment Advisers increased its holdings in Franklin U.S. Equity Index ETF by 26.9% during the 1st quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock valued at $930,000 after purchasing an additional 3,466 shares in the last quarter. Bank of New York Mellon Corp raised its position 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 valued at $80,261,000 after purchasing an additional 94,458 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in Franklin U.S. Equity Index ETF by 7.7% in the 1st quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock valued at $121,726,000 after purchasing an additional 153,460 shares during the last quarter.

Franklin U.S. Equity Index ETF Company Profile

(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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