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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw an uptick in trading volume on Tuesday . 918,590 shares were traded during trading, an increase of 1,710% from the previous session’s volume of 50,755 shares.The stock last traded at $48.60 and had previously closed at $48.67.

Franklin U.S. Equity Index ETF Stock Up 0.8 %

The business has a 50 day moving average of $51.45 and a 200 day moving average of $51.50. The company has a market capitalization of $1.19 billion, a P/E ratio of 24.59 and a beta of 0.89.

Hedge Funds 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. Latitude Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF during the 4th quarter valued at $252,000. Mariner LLC grew its holdings in Franklin U.S. Equity Index ETF by 32.5% during the 4th quarter. Mariner LLC now owns 10,377 shares of the company’s stock valued at $533,000 after purchasing an additional 2,546 shares during the last quarter. Park Avenue Securities LLC raised its position in Franklin U.S. Equity Index ETF by 2.4% in the 4th 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 lifted its stake 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 worth $1,608,000 after purchasing an additional 27,337 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Franklin U.S. Equity Index ETF by 1,349.5% during 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 during the period.

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).