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

Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $52.83 and last traded at $52.63, with a volume of 1044 shares. The stock had previously closed at $52.38.

Franklin U.S. Equity Index ETF Stock Up 0.3 %

The firm has a market capitalization of $1.27 billion, a PE ratio of 25.97 and a beta of 1.02. The business’s 50-day moving average price is $50.77 and its 200-day moving average price is $48.71.

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

A number of hedge funds have recently modified their holdings of the stock. IronBridge Private Wealth LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the 3rd quarter valued at about $261,000. Park Avenue Securities LLC grew its stake in shares of Franklin U.S. Equity Index ETF by 86.1% in the third quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after acquiring an additional 9,313 shares during the last quarter. Jane Street Group LLC raised its stake in Franklin U.S. Equity Index ETF by 587.0% during the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after purchasing an additional 27,337 shares during the last quarter. Bank of New York Mellon Corp grew its position in Franklin U.S. Equity Index ETF by 10.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock worth $60,370,000 after purchasing an additional 124,376 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF in the 2nd quarter valued at approximately $85,695,000.

About Franklin U.S. Equity Index ETF

(Get Free Report)

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).

Further Reading

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