Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Unusually-High Trading Volume

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Tuesday . 135,014 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 58,915 shares.The stock last traded at $44.30 and had previously closed at $43.75.

Franklin U.S. Equity Index ETF Stock Up 1.3 %

The company has a 50-day simple moving average of $44.77 and a two-hundred day simple moving average of $41.84. The stock has a market cap of $1.07 billion, a P/E ratio of 25.99 and a beta of 1.00.

Institutional Trading of Franklin U.S. Equity Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Investments Inc lifted its position in Franklin U.S. Equity Index ETF by 332.1% in the third quarter. Atria Investments Inc now owns 306,231 shares of the company’s stock valued at $11,453,000 after purchasing an additional 235,367 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Franklin U.S. Equity Index ETF by 12.8% during the third quarter. Bank of New York Mellon Corp now owns 1,168,502 shares of the company’s stock valued at $43,701,000 after buying an additional 132,675 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of 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 buying an additional 1,493,880 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).