Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – Here’s What Happened

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw an uptick in trading volume on Friday . 1,895,810 shares changed hands during mid-day trading, an increase of 1,992% from the previous session’s volume of 90,611 shares.The stock last traded at $57.91 and had previously closed at $58.26.

Franklin U.S. Equity Index ETF Price Performance

The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92. The firm’s fifty day moving average price is $60.10 and its two-hundred day moving average price is $59.29.

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

A number of hedge funds have recently added to or reduced their stakes in USPX. Kestra Advisory Services LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the fourth quarter valued at approximately $35,000. O Shaughnessy Asset Management LLC bought a new position in shares of Franklin U.S. Equity Index ETF in the 4th quarter worth $46,000. Huntington National Bank acquired a new stake in Franklin U.S. Equity Index ETF in the 3rd quarter valued at $53,000. Larson Financial Group LLC bought a new stake in Franklin U.S. Equity Index ETF during the 4th quarter valued at $106,000. Finally, Bank of America Corp DE increased its stake in Franklin U.S. Equity Index ETF by 19.9% during the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock valued at $149,000 after purchasing an additional 455 shares in the last quarter.

About Franklin U.S. Equity Index ETF

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).