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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-high trading volume on Monday . Approximately 25,498 shares were traded during trading, a decline of 19% from the previous session’s volume of 31,393 shares.The stock last traded at $49.48 and had previously closed at $50.19.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 27.00 and a beta of 0.89. The business has a fifty day moving average of $52.34 and a two-hundred day moving average of $51.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in USPX. Sanctuary Advisors LLC increased its holdings in shares of Franklin U.S. Equity Index ETF by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock valued at $95,557,000 after acquiring an additional 38,940 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Franklin U.S. Equity Index ETF by 6.4% during the 4th quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock valued at $56,023,000 after purchasing an additional 65,806 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Franklin U.S. Equity Index ETF by 4.2% during the 4th quarter. JPMorgan Chase & Co. now owns 322,006 shares of the company’s stock valued at $16,533,000 after purchasing an additional 13,094 shares in the last quarter. Atria Investments Inc raised its holdings in Franklin U.S. Equity Index ETF by 2.8% during the fourth quarter. Atria Investments Inc now owns 263,592 shares of the company’s stock worth $13,534,000 after buying an additional 7,159 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Franklin U.S. Equity Index ETF by 1,349.5% in the fourth quarter. LPL Financial LLC now owns 78,375 shares of the company’s stock valued at $4,024,000 after buying an additional 72,968 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).