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 hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $61.22 and last traded at $61.20, with a volume of 1701 shares changing hands. The stock had previously closed at $60.66.

Franklin U.S. Equity Index ETF Stock Down 0.1%

The company has a market cap of $1.77 billion, a PE ratio of 25.39 and a beta of 0.91. The company 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 have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in Franklin U.S. Equity Index ETF by 2.4% during the third quarter. Envestnet Asset Management Inc. now owns 13,264 shares of the company’s stock worth $777,000 after acquiring an additional 312 shares during the period. Bank of America Corp DE lifted its holdings in Franklin U.S. Equity Index ETF by 19.9% during the second quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock worth $149,000 after acquiring an additional 455 shares during the period. Kestra Advisory Services LLC bought a new stake in Franklin U.S. Equity Index ETF during the fourth quarter worth $35,000. O Shaughnessy Asset Management LLC bought a new stake in Franklin U.S. Equity Index ETF during the fourth quarter worth $46,000. Finally, Huntington National Bank bought a new stake in Franklin U.S. Equity Index ETF during the third quarter worth $53,000.

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).