Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Unusually-High Trading Volume – Should You Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw unusually-high trading volume on Wednesday . Approximately 42,048 shares changed hands during trading, an increase of 75% from the previous session’s volume of 23,985 shares.The stock last traded at $53.66 and had previously closed at $53.68.

Franklin U.S. Equity Index ETF Trading Down 1.6 %

The firm has a 50 day moving average price of $52.54 and a 200-day moving average price of $51.10. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Latitude Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF in the 4th quarter valued at about $252,000. IronBridge Private Wealth LLC purchased a new stake in Franklin U.S. Equity Index ETF in the 3rd quarter valued at about $261,000. Mariner LLC grew its holdings in Franklin U.S. Equity Index ETF by 32.5% in the 4th quarter. Mariner LLC now owns 10,377 shares of the company’s stock valued at $533,000 after buying an additional 2,546 shares during the period. Park Avenue Securities LLC grew its holdings in Franklin U.S. Equity Index ETF by 2.4% in the 4th quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after buying an additional 493 shares during the period. Finally, Jane Street Group LLC grew its holdings in Franklin U.S. Equity Index ETF by 587.0% in the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after buying an additional 27,337 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).