Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Strong Trading Volume

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw unusually-strong trading volume on Wednesday . Approximately 104,134 shares traded hands during trading, an increase of 110% from the previous session’s volume of 49,559 shares.The stock last traded at $47.69 and had previously closed at $48.04.

Franklin U.S. Equity Index ETF Trading Up 0.7 %

The company has a market capitalization of $1.17 billion, a P/E ratio of 25.97 and a beta of 1.02. The firm’s 50 day moving average price is $48.11 and its two-hundred day moving average price is $46.55.

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

Hedge funds have recently modified their holdings of the stock. Franklin Resources Inc. boosted its position in Franklin U.S. Equity Index ETF by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 19,925,983 shares of the company’s stock valued at $829,314,000 after purchasing an additional 1,493,880 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF in the 2nd quarter valued at approximately $85,695,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Franklin U.S. Equity Index ETF by 10.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,266,906 shares of the company’s stock valued at $60,370,000 after buying an additional 124,376 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).