Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Unusually-High Trading Volume – What’s Next?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Monday . Approximately 25,498 shares were traded during trading, a decline of 19% from the previous session’s volume of 31,393 shares.The stock last traded at $49.48 and had previously closed at $50.19.

Franklin U.S. Equity Index ETF Trading Down 0.6 %

The company has a market capitalization of $1.16 billion, a PE ratio of 27.00 and a beta of 0.89. The firm has a fifty day moving average of $52.23 and a two-hundred day moving average of $51.42.

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

Several institutional investors have recently bought and sold shares of USPX. LPL Financial LLC boosted its holdings in Franklin U.S. Equity Index ETF by 1,349.5% during the 4th quarter. LPL Financial LLC now owns 78,375 shares of the company’s stock valued at $4,024,000 after acquiring an additional 72,968 shares during the period. Bank of New York Mellon Corp lifted its holdings in Franklin U.S. Equity Index ETF by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock worth $56,023,000 after buying an additional 65,806 shares during the period. Sanctuary Advisors LLC lifted its holdings in Franklin U.S. Equity Index ETF by 2.2% in the 4th quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock worth $95,557,000 after buying an additional 38,940 shares during the period. Jane Street Group LLC lifted its holdings in Franklin U.S. Equity Index ETF by 587.0% in the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after buying an additional 27,337 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Franklin U.S. Equity Index ETF by 4.2% in the 4th quarter. JPMorgan Chase & Co. now owns 322,006 shares of the company’s stock worth $16,533,000 after buying an additional 13,094 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).