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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw unusually-strong trading volume on Monday . Approximately 235,802 shares were traded during mid-day trading, an increase of 179% from the previous session’s volume of 84,371 shares.The stock last traded at $67.02 and had previously closed at $67.29.

Franklin U.S. Equity Index ETF Trading Down 0.9%

The firm’s fifty day moving average is $66.00 and its 200 day moving average is $63.12. The company has a market cap of $2.04 billion, a PE ratio of 25.39 and a beta of 0.93.

Institutional Trading of Franklin U.S. Equity Index ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. lifted its stake in Franklin U.S. Equity Index ETF by 3.6% in the 4th quarter. Franklin Resources Inc. now owns 11,551,365 shares of the company’s stock valued at $690,538,000 after buying an additional 401,364 shares in the last quarter. Sanctuary Advisors LLC increased its stake in 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 in the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $80,261,000 after buying an additional 94,458 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Franklin U.S. Equity Index ETF by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 459,094 shares of the company’s stock valued at $27,445,000 after acquiring an additional 27,413 shares during the last quarter. Finally, Sequent Planning LLC raised its holdings in shares of Franklin U.S. Equity Index ETF by 15.6% during the first quarter. Sequent Planning LLC now owns 373,851 shares of the company’s stock valued at $21,261,000 after acquiring an additional 50,573 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).