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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Thursday . Approximately 24,750 shares changed hands during 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 Price Performance

The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02. The company’s fifty day simple moving average is $52.39 and its two-hundred day simple moving average is $50.39.

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

A number of institutional investors and hedge funds have recently made changes to their positions in USPX. Sanctuary Advisors LLC bought a new stake in Franklin U.S. Equity Index ETF during the second quarter worth $85,695,000. Park Avenue Securities LLC boosted its holdings in Franklin U.S. Equity Index ETF by 86.1% during the 3rd quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock worth $1,012,000 after acquiring an additional 9,313 shares during the last quarter. IronBridge Private Wealth LLC bought a new stake in shares of Franklin U.S. Equity Index ETF in the 3rd quarter worth $261,000. Finally, Jane Street Group LLC raised its holdings in shares of 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 during 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).