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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s share price hit a new 52-week high on Thursday . The company traded as high as $62.29 and last traded at $62.29, with a volume of 18611 shares trading hands. The stock had previously closed at $62.20.

Franklin U.S. Equity Index ETF Price Performance

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 25.39 and a beta of 0.91. The business’s 50-day simple moving average is $59.00 and its two-hundred day simple moving average is $59.49.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in Franklin U.S. Equity Index ETF by 3.6% in the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after buying an additional 401,364 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Franklin U.S. Equity Index ETF by 4.0% in the fourth quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock valued at $118,780,000 after buying an additional 75,801 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Franklin U.S. Equity Index ETF by 6.4% in the fourth quarter. JPMorgan Chase & Co. now owns 459,094 shares of the company’s stock valued at $27,445,000 after buying an additional 27,413 shares in the last quarter. Sequent Planning LLC boosted its position in Franklin U.S. Equity Index ETF by 15.6% in the first quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock valued at $21,261,000 after buying an additional 50,573 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Franklin U.S. Equity Index ETF by 5.9% in the fourth quarter. LPL Financial LLC now owns 189,990 shares of the company’s stock valued at $11,358,000 after buying an additional 10,642 shares in the last quarter.

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).