Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Tuesday . 135,014 shares were traded during trading, an increase of 129% from the previous session’s volume of 58,915 shares.The stock last traded at $44.30 and had previously closed at $43.75.

Franklin U.S. Equity Index ETF Price Performance

The company has a market cap of $1.06 billion, a P/E ratio of 25.99 and a beta of 1.00. The stock has a fifty day moving average price of $44.81 and a two-hundred day moving average price of $41.92.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in Franklin U.S. Equity Index ETF by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 19,925,983 shares of the company’s stock worth $829,314,000 after acquiring an additional 1,493,880 shares in the last quarter. Atria Investments Inc lifted its stake in shares of Franklin U.S. Equity Index ETF by 332.1% in the third quarter. Atria Investments Inc now owns 306,231 shares of the company’s stock worth $11,453,000 after buying an additional 235,367 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake 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 valued at $43,701,000 after buying an additional 132,675 shares during the last quarter.

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).