Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – Here’s Why

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw an uptick in trading volume on Wednesday . 197,868 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 66,142 shares.The stock last traded at $60.6850 and had previously closed at $60.69.

Franklin U.S. Equity Index ETF Price Performance

The company has a market cap of $1.68 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92. The business’s fifty day moving average price is $59.68 and its 200 day moving average price is $57.74.

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

Several institutional investors and hedge funds have recently made changes to their positions in USPX. Franklin Resources Inc. lifted its stake in shares of Franklin U.S. Equity Index ETF by 30.9% in the third quarter. Franklin Resources Inc. now owns 11,150,001 shares of the company’s stock worth $653,164,000 after acquiring an additional 2,634,653 shares during the period. Sequent Planning LLC bought a new position in Franklin U.S. Equity Index ETF during the 3rd quarter worth approximately $16,390,000. JPMorgan Chase & Co. raised its holdings in Franklin U.S. Equity Index ETF by 18.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 418,432 shares of the company’s stock worth $22,748,000 after purchasing an additional 64,227 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Franklin U.S. Equity Index ETF in the 3rd quarter worth approximately $1,912,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Franklin U.S. Equity Index ETF by 708.8% in the 2nd quarter. Osaic Holdings Inc. now owns 33,874 shares of the company’s stock valued at $1,841,000 after purchasing an additional 29,686 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).