Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Strong Trading Volume – Here’s Why

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw strong trading volume on Thursday . 32,101 shares were traded during mid-day trading, an increase of 17% from the previous session’s volume of 27,391 shares.The stock last traded at $53.19 and had previously closed at $52.91.

Franklin U.S. Equity Index ETF Stock Down 0.8 %

The company has a market capitalization of $1.28 billion, a P/E ratio of 25.97 and a beta of 1.02. The firm has a fifty day simple moving average of $52.51 and a 200-day simple moving average of $50.68.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Latitude Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF during the 4th quarter worth approximately $252,000. IronBridge Private Wealth LLC acquired a new position in Franklin U.S. Equity Index ETF during the third quarter worth $261,000. Park Avenue Securities LLC grew its position in Franklin U.S. Equity Index ETF by 2.4% in the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after purchasing an additional 493 shares in the last quarter. Jane Street Group LLC grew its position in Franklin U.S. Equity Index ETF by 587.0% in the third 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 in the last quarter. Finally, Atria Investments Inc increased its stake in Franklin U.S. Equity Index ETF by 2.8% in the 4th quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock valued at $13,534,000 after buying an additional 7,159 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).