Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Unusually-High Trading Volume – What’s Next?

by · The Markets Daily

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) saw an uptick in trading volume on Friday . 37,193 shares changed hands during trading, a decline of 7% from the previous session’s volume of 39,779 shares.The stock last traded at $60.55 and had previously closed at $60.88.

Franklin U.S. Equity Index ETF Stock Performance

The stock’s 50 day moving average price is $60.13 and its 200 day moving average price is $58.44. The company has a market capitalization of $1.70 billion, a P/E ratio of 25.39 and a beta of 0.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in USPX. Franklin Resources Inc. increased its holdings in Franklin U.S. Equity Index ETF by 30.9% in the third quarter. Franklin Resources Inc. now owns 11,150,001 shares of the company’s stock worth $653,164,000 after purchasing an additional 2,634,653 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Franklin U.S. Equity Index ETF by 4.0% during the 4th quarter. Sanctuary Advisors LLC now owns 1,986,959 shares of the company’s stock valued at $118,780,000 after acquiring an additional 75,801 shares during the period. JPMorgan Chase & Co. boosted its stake in Franklin U.S. Equity Index ETF by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 431,681 shares of the company’s stock worth $25,288,000 after acquiring an additional 13,249 shares in the last quarter. Sequent Planning LLC acquired a new stake in Franklin U.S. Equity Index ETF in the third quarter worth $16,390,000. Finally, Jane Street Group LLC increased its stake in Franklin U.S. Equity Index ETF by 160.2% in the first quarter. Jane Street Group LLC now owns 42,557 shares of the company’s stock valued at $2,085,000 after purchasing an additional 26,203 shares in the last quarter.

Franklin U.S. Equity Index ETF Company Profile

(Get Free Report)

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).

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