Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Reaches New 52-Week High – What’s Next?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $68.19 and last traded at $68.1650, with a volume of 262 shares traded. The stock had previously closed at $67.34.

Franklin U.S. Equity Index ETF Trading Down 0.3%

The stock’s 50 day moving average price is $67.06 and its 200 day moving average price is $64.55. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92.

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

A number of institutional investors have recently bought and sold shares of USPX. CoreCap Advisors LLC purchased a new position in Franklin U.S. Equity Index ETF during the second quarter worth approximately $37,000. TOWER TRUST & INVESTMENT Co acquired a new stake in shares of Franklin U.S. Equity Index ETF during the 2nd quarter worth $82,000. Second Line Capital LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the 2nd quarter worth $325,000. Cetera Investment Advisers increased its holdings in shares of Franklin U.S. Equity Index ETF by 26.9% during the 1st quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock worth $930,000 after buying an additional 3,466 shares during the last quarter. Finally, RFG Advisory LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the 2nd quarter worth $4,247,000.

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).