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

Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report) saw unusually-strong 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 Price Performance

The firm has a market capitalization of $1.27 billion, a PE ratio of 25.97 and a beta of 1.02. The firm has a fifty day moving average price of $52.54 and a 200 day moving average price of $51.10.

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

Several hedge funds have recently modified their holdings of the stock. Latitude Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF in the 4th quarter worth about $252,000. IronBridge Private Wealth LLC purchased a new stake in Franklin U.S. Equity Index ETF in the 3rd quarter worth about $261,000. Mariner LLC lifted its stake 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 worth $533,000 after acquiring an additional 2,546 shares in the last quarter. Park Avenue Securities LLC lifted its stake 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 worth $1,059,000 after acquiring an additional 493 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake 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 worth $1,608,000 after acquiring an additional 27,337 shares in the last quarter.

Franklin U.S. Equity Index ETF Company Profile

(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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