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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw an uptick in trading volume on Monday . 96,493 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 49,242 shares.The stock last traded at $49.64 and had previously closed at $48.26.

Franklin U.S. Equity Index ETF Price Performance

The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 24.64 and a beta of 0.89. The stock’s 50 day simple moving average is $51.97 and its 200-day simple moving average is $51.42.

Institutional Trading of Franklin U.S. Equity Index ETF

Institutional investors have recently added to or reduced their stakes in the business. Park Avenue Securities LLC lifted 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 acquiring an additional 493 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Franklin U.S. Equity Index ETF by 6.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,091,111 shares of the company’s stock worth $56,023,000 after buying an additional 65,806 shares during the last quarter. Jane Street Group LLC lifted its stake 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 worth $1,608,000 after buying an additional 27,337 shares during the last quarter. Latitude Advisors LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF in the fourth quarter worth $252,000. Finally, Atria Investments Inc lifted its stake in shares of Franklin U.S. Equity Index ETF by 2.8% in 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.

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).