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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw unusually-strong trading volume on Friday . Approximately 30,453 shares were traded during trading, an increase of 11% from the previous session’s volume of 27,505 shares.The stock last traded at $52.46 and had previously closed at $52.05.

Franklin U.S. Equity Index ETF Price Performance

The stock’s 50-day moving average price is $52.29 and its 200 day moving average price is $50.19. The firm has a market cap of $1.27 billion, a P/E ratio of 25.97 and a beta of 1.02.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC grew its holdings in Franklin U.S. Equity Index ETF by 2.4% during the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock worth $1,059,000 after purchasing an additional 493 shares during the period. Jane Street Group LLC boosted its stake in shares of Franklin U.S. Equity Index ETF by 587.0% during the 3rd quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after acquiring an additional 27,337 shares during the period. IronBridge Private Wealth LLC acquired a new position in shares of Franklin U.S. Equity Index ETF during the 3rd quarter worth approximately $261,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Franklin U.S. Equity Index ETF during the 2nd quarter worth approximately $85,695,000.

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).