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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw unusually-high trading volume on Wednesday . Approximately 159,742 shares changed hands during mid-day trading, an increase of 88% from the previous session’s volume of 84,924 shares.The stock last traded at $67.60 and had previously closed at $67.37.

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

The company’s 50-day moving average is $65.42 and its 200 day moving average is $62.52. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 25.39 and a beta of 0.93.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

Several institutional investors and hedge funds have recently modified their holdings of USPX. Franklin Resources Inc. grew its holdings in Franklin U.S. Equity Index ETF by 3.6% in the fourth quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after purchasing an additional 401,364 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 7.7% during the 1st quarter. Sanctuary Advisors LLC now owns 2,140,419 shares of the company’s stock worth $121,726,000 after buying an additional 153,460 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Franklin U.S. Equity Index ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,411,314 shares of the company’s stock valued at $80,261,000 after buying an additional 94,458 shares in the last quarter. Sequent Planning LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 15.6% during the 1st quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock valued at $21,261,000 after buying an additional 50,573 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF during the 3rd quarter valued at approximately $1,912,000.

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).