Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 52-Week High – Should You Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $62.52 and last traded at $62.42, with a volume of 33868 shares traded. The stock had previously closed at $62.17.

Franklin U.S. Equity Index ETF Stock Up 1.1%

The company has a market cap of $1.83 billion, a P/E ratio of 25.39 and a beta of 0.91. The company has a 50 day moving average price of $59.26 and a 200-day moving average price of $59.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $35,000. O Shaughnessy Asset Management LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $46,000. Huntington National Bank bought a new position in shares of Franklin U.S. Equity Index ETF in the third quarter valued at approximately $53,000. Larson Financial Group LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $106,000. Finally, Bogart Wealth LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the fourth quarter valued at approximately $152,000.

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).