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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Wednesday . Approximately 42,048 shares changed hands during mid-day trading, an increase of 75% from the previous session’s volume of 23,985 shares.The stock last traded at $53.66 and had previously closed at $53.68.

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

The business has a fifty day simple moving average of $52.53 and a two-hundred day simple moving average of $51.01. The company has a market cap of $1.30 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Latitude Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF during the 4th quarter worth $252,000. IronBridge Private Wealth LLC purchased a new position in shares of Franklin U.S. Equity Index ETF during the 3rd quarter worth $261,000. Mariner LLC raised its holdings in shares of Franklin U.S. Equity Index ETF by 32.5% during the 4th quarter. Mariner LLC now owns 10,377 shares of the company’s stock worth $533,000 after acquiring an additional 2,546 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Franklin U.S. Equity Index ETF by 2.4% during the 4th quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock worth $1,059,000 after acquiring an additional 493 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of 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 worth $1,608,000 after acquiring an additional 27,337 shares during the period.

Franklin U.S. Equity Index ETF Company Profile

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).