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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) reached a new 52-week low during trading on Monday . The company traded as low as $42.40 and last traded at $43.69, with a volume of 12504 shares. The stock had previously closed at $44.28.

Franklin U.S. Equity Index ETF Stock Up 10.1 %

The stock’s fifty day simple moving average is $50.37 and its 200-day simple moving average is $51.28. The company has a market capitalization of $1.15 billion, a PE ratio of 24.59 and a beta of 0.89.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

Several hedge funds have recently bought and sold shares of USPX. Park Avenue Securities LLC grew its holdings in Franklin U.S. Equity Index ETF by 2.4% in the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after purchasing an additional 493 shares during the last quarter. Mariner LLC boosted its position in shares of Franklin U.S. Equity Index ETF by 32.5% in the 4th quarter. Mariner LLC now owns 10,377 shares of the company’s stock worth $533,000 after buying an additional 2,546 shares in the last quarter. Latitude Advisors LLC purchased a new stake in shares of Franklin U.S. Equity Index ETF in the 4th quarter worth about $252,000. Atria Investments Inc grew its stake 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 acquiring an additional 7,159 shares during the last quarter. Finally, 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 valued at $16,533,000 after acquiring an additional 13,094 shares in the last quarter.

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).