Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Unusually-High Trading Volume – Here’s Why

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Friday . Approximately 70,389 shares traded hands during mid-day trading, an increase of 139% from the previous session’s volume of 29,450 shares.The stock last traded at $51.87 and had previously closed at $51.31.

Franklin U.S. Equity Index ETF Stock Up 1.3 %

The stock has a market cap of $1.26 billion, a P/E ratio of 25.97 and a beta of 1.02. The business has a 50-day simple moving average of $52.12 and a 200-day simple moving average of $49.92.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. IronBridge Private Wealth LLC bought a new stake in Franklin U.S. Equity Index ETF during the third quarter worth about $261,000. Park Avenue Securities LLC lifted its position in Franklin U.S. Equity Index ETF by 86.1% during the 3rd quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after buying an additional 9,313 shares in the last quarter. Jane Street Group LLC increased its position 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 valued at $1,608,000 after acquiring an additional 27,337 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Franklin U.S. Equity Index ETF during the second quarter worth approximately $85,695,000.

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).