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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw strong trading volume on Friday . 70,389 shares changed hands during mid-day trading, an increase of 139% from the previous session’s volume of 29,450 shares.The stock last traded at $51.87 and had previously closed at $51.31.

Franklin U.S. Equity Index ETF Stock Performance

The stock has a market capitalization of $1.26 billion, a P/E ratio of 25.97 and a beta of 1.02. The firm’s 50-day simple moving average is $52.12 and its 200 day simple moving average is $49.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in Franklin U.S. Equity Index ETF during the 2nd quarter worth $85,695,000. Jane Street Group LLC grew its holdings in Franklin U.S. Equity Index ETF by 587.0% during the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after acquiring an additional 27,337 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Franklin U.S. Equity Index ETF by 86.1% during the third quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after purchasing an additional 9,313 shares during the period. Finally, IronBridge Private Wealth LLC acquired a new stake in Franklin U.S. Equity Index ETF in the third quarter valued at $261,000.

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).