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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw unusually-high trading volume on Tuesday . Approximately 918,590 shares traded hands during mid-day trading, an increase of 1,710% from the previous session’s volume of 50,755 shares.The stock last traded at $48.60 and had previously closed at $48.67.

Franklin U.S. Equity Index ETF Stock Up 1.1 %

The company’s 50-day simple moving average is $51.60 and its 200 day simple moving average is $51.51. The company has a market capitalization of $1.19 billion, a P/E ratio of 24.59 and a beta of 0.89.

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

A number of large investors have recently bought and sold shares of USPX. Sanctuary Advisors LLC increased its holdings in shares of Franklin U.S. Equity Index ETF by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock valued at $95,557,000 after acquiring an additional 38,940 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $56,023,000 after buying an additional 65,806 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $16,533,000 after buying an additional 13,094 shares during the last quarter. Atria Investments Inc lifted its position in Franklin U.S. Equity Index ETF by 2.8% during the 4th quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock worth $13,534,000 after acquiring an additional 7,159 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Franklin U.S. Equity Index ETF by 1,349.5% during the fourth 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.

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).