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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) shares saw an uptick in trading volume on Friday. 1,192,360 shares changed hands during trading, an increase of 1,299% from the average daily volume of 85,225 shares. The stock last traded at $65.7950 and had previously closed at $66.15.

Franklin U.S. Equity Index ETF Price Performance

The business has a fifty day moving average of $66.89 and a 200-day moving average of $63.94. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.77 and a beta of 0.94.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of large investors have recently added to or reduced their stakes in USPX. CoreCap Advisors LLC raised its position in shares of Franklin U.S. Equity Index ETF by 76.7% during the third quarter. CoreCap Advisors LLC now owns 1,002 shares of the company’s stock worth $67,000 after purchasing an additional 435 shares during the period. Fifth Third Bancorp acquired a new position in shares of Franklin U.S. Equity Index ETF in the third quarter worth about $36,000. TOWER TRUST & INVESTMENT Co purchased a new position in shares of Franklin U.S. Equity Index ETF in the second quarter worth approximately $82,000. Cetera Investment Advisers raised its holdings in shares of Franklin U.S. Equity Index ETF by 26.9% during the first quarter. Cetera Investment Advisers now owns 16,359 shares of the company’s stock valued at $930,000 after acquiring an additional 3,466 shares during the period. Finally, Second Line Capital LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the second quarter valued at approximately $325,000.

About Franklin U.S. Equity Index ETF

(Get Free Report)

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).

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