Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Strong Trading Volume

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Tuesday . 195,213 shares were traded during trading, an increase of 223% from the previous session’s volume of 60,353 shares.The stock last traded at $44.27 and had previously closed at $44.72.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a fifty day simple moving average of $44.84 and a 200-day simple moving average of $42.07. The company has a market capitalization of $1.06 billion, a PE ratio of 25.97 and a beta of 1.02.

Institutional Trading of Franklin U.S. Equity Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in Franklin U.S. Equity Index ETF by 12.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,168,502 shares of the company’s stock worth $43,701,000 after purchasing an additional 132,675 shares during the last quarter. Atria Investments Inc lifted its position in shares of Franklin U.S. Equity Index ETF by 332.1% in the 3rd quarter. Atria Investments Inc now owns 306,231 shares of the company’s stock worth $11,453,000 after acquiring an additional 235,367 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Franklin U.S. Equity Index ETF by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 19,925,983 shares of the company’s stock worth $829,314,000 after buying an additional 1,493,880 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).