Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sets New 52-Week High – Time to Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) hit a new 52-week high on Tuesday . The company traded as high as $64.58 and last traded at $64.49, with a volume of 54347 shares trading hands. The stock had previously closed at $64.35.

Franklin U.S. Equity Index ETF Price Performance

The stock has a 50 day simple moving average of $59.71 and a two-hundred day simple moving average of $59.85. The company has a market cap of $1.88 billion, a PE ratio of 25.39 and a beta of 0.92.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $35,000. O Shaughnessy Asset Management LLC purchased a new stake in Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $46,000. Huntington National Bank purchased a new stake in Franklin U.S. Equity Index ETF in the third quarter valued at approximately $53,000. Larson Financial Group LLC purchased a new stake in Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $106,000. Finally, Bank of America Corp DE lifted its stake in Franklin U.S. Equity Index ETF by 19.9% in the second quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after buying an additional 455 shares during 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).