Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – Still a Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPXGet Free Report) shares saw an uptick in trading volume on Monday . 96,493 shares changed hands during trading, an increase of 96% from the previous session’s volume of 49,242 shares.The stock last traded at $49.64 and had previously closed at $48.26.

Franklin U.S. Equity Index ETF Price Performance

The firm’s fifty day moving average price is $52.07 and its 200-day moving average price is $51.42. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 24.64 and a beta of 0.89.

Institutional Trading of Franklin U.S. Equity Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of USPX. IronBridge Private Wealth LLC acquired a new stake in Franklin U.S. Equity Index ETF in the third quarter valued at $261,000. Jane Street Group LLC increased its holdings in Franklin U.S. Equity Index ETF by 587.0% in the third quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock valued at $1,608,000 after purchasing an additional 27,337 shares during the period. Park Avenue Securities LLC increased its holdings in Franklin U.S. Equity Index ETF by 2.4% in the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after purchasing an additional 493 shares during the period. Latitude Advisors LLC acquired a new stake in Franklin U.S. Equity Index ETF in the fourth quarter valued at $252,000. Finally, Sanctuary Advisors LLC boosted its position in Franklin U.S. Equity Index ETF by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock valued at $95,557,000 after acquiring an additional 38,940 shares during 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).

Featured Stories

Receive News & Ratings for Franklin U.S. Equity Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin U.S. Equity Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.