Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – Should You Buy?

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Friday . 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 Stock Performance

The stock has a 50 day moving average price of $52.29 and a 200 day moving average price of $50.19. The company has a market capitalization of $1.27 billion, a P/E ratio of 25.97 and a beta of 1.02.

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

A number of hedge funds have recently modified their holdings of USPX. Jane Street Group LLC raised its stake 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 during the period. Sanctuary Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the second quarter worth about $85,695,000. Park Avenue Securities LLC increased its stake in shares of Franklin U.S. Equity Index ETF by 86.1% in the third quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after purchasing an additional 9,313 shares in the last quarter. Finally, IronBridge Private Wealth LLC bought a new stake in shares of Franklin U.S. Equity Index ETF in the third quarter valued at 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).