Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Strong Trading Volume

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Tuesday . Approximately 135,014 shares traded hands during trading, an increase of 129% from the previous session’s volume of 58,915 shares.The stock last traded at $44.30 and had previously closed at $43.75.

Franklin U.S. Equity Index ETF Stock Performance

The company has a 50 day simple moving average of $44.77 and a 200 day simple moving average of $41.84. The company has a market capitalization of $1.07 billion, a PE ratio of 25.99 and a beta of 1.00.

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

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in Franklin U.S. Equity Index ETF by 12.8% in the third quarter. Bank of New York Mellon Corp now owns 1,168,502 shares of the company’s stock worth $43,701,000 after acquiring an additional 132,675 shares during the period. Atria Investments Inc grew its position in Franklin U.S. Equity Index ETF by 332.1% in the third quarter. Atria Investments Inc now owns 306,231 shares of the company’s stock worth $11,453,000 after acquiring an additional 235,367 shares during the period. Finally, Franklin Resources Inc. grew its position in Franklin U.S. Equity Index ETF by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 19,925,983 shares of the company’s stock worth $829,314,000 after acquiring an additional 1,493,880 shares during the period.

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).