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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $53.85 and last traded at $53.79, with a volume of 69506 shares. The stock had previously closed at $53.68.

Franklin U.S. Equity Index ETF Price Performance

The stock’s fifty day moving average price is $52.54 and its 200-day moving average price is $51.10. The firm has a market cap of $1.27 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Mariner LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 32.5% in the fourth quarter. Mariner LLC now owns 10,377 shares of the company’s stock valued at $533,000 after acquiring an additional 2,546 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Franklin U.S. Equity Index ETF by 4.2% during the 4th quarter. JPMorgan Chase & Co. now owns 322,006 shares of the company’s stock worth $16,533,000 after purchasing an additional 13,094 shares during the period. LPL Financial LLC raised its position in Franklin U.S. Equity Index ETF by 1,349.5% in the 4th quarter. LPL Financial LLC now owns 78,375 shares of the company’s stock valued at $4,024,000 after purchasing an additional 72,968 shares in the last quarter. Atria Investments Inc raised its position in Franklin U.S. Equity Index ETF by 2.8% in the 4th quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock valued at $13,534,000 after purchasing an additional 7,159 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Franklin U.S. Equity Index ETF by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock valued at $56,023,000 after buying an additional 65,806 shares during the period.

Franklin U.S. Equity Index ETF Company Profile

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).