Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – What’s Next?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw an uptick in trading volume on Friday . 57,186 shares were traded during trading, an increase of 22% from the previous session’s volume of 46,991 shares.The stock last traded at $59.8860 and had previously closed at $59.99.

Franklin U.S. Equity Index ETF Stock Up 1.7%

The firm has a fifty day moving average price of $60.24 and a 200 day moving average price of $58.62. The company has a market cap of $1.70 billion, a P/E ratio of 25.39 and a beta of 0.92.

Institutional Trading of Franklin U.S. Equity Index ETF

Several hedge funds have recently modified their holdings of USPX. Jane Street Group LLC raised its position in Franklin U.S. Equity Index ETF by 160.2% in the 1st quarter. Jane Street Group LLC now owns 42,557 shares of the company’s stock worth $2,085,000 after purchasing an additional 26,203 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Franklin U.S. Equity Index ETF during the second quarter worth $704,000. Cetera Investment Advisers acquired a new position in shares of Franklin U.S. Equity Index ETF during the second quarter valued at $254,000. JPMorgan Chase & Co. boosted its holdings in Franklin U.S. Equity Index ETF by 18.1% in the second quarter. JPMorgan Chase & Co. now owns 418,432 shares of the company’s stock valued at $22,748,000 after acquiring an additional 64,227 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Franklin U.S. Equity Index ETF by 19.9% in the second quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock worth $149,000 after purchasing an additional 455 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).