Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Unusually-High Trading Volume – Time to Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Thursday . 24,750 shares traded hands during mid-day trading, a decline of 20% from the previous session’s volume of 30,942 shares.The stock last traded at $53.21 and had previously closed at $52.91.

Franklin U.S. Equity Index ETF Trading Up 0.3 %

The company has a market cap of $1.29 billion, a PE ratio of 25.97 and a beta of 1.02. The company has a fifty day simple moving average of $52.32 and a two-hundred day simple moving average of $50.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the 2nd quarter valued at about $85,695,000. Jane Street Group LLC boosted 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 in the last quarter. Park Avenue Securities LLC increased its stake 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 last quarter. Finally, IronBridge Private Wealth LLC acquired a new stake in Franklin U.S. Equity Index ETF during the third quarter worth approximately $261,000.

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).