Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX – Get Free Report) saw unusually-high trading volume on Monday . Approximately 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 Stock Down 1.3 %
The company has a fifty day simple moving average of $51.97 and a 200 day simple moving average of $51.42. The firm has a market capitalization of $1.18 billion, a P/E ratio of 24.64 and a beta of 0.89.
Institutional Investors Weigh In On Franklin U.S. Equity Index ETF
Several hedge funds have recently added to or reduced their stakes in USPX. Latitude Advisors LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the fourth quarter worth $252,000. IronBridge Private Wealth LLC purchased a new position in shares of Franklin U.S. Equity Index ETF in the third quarter worth $261,000. Mariner LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 32.5% in the fourth quarter. Mariner LLC now owns 10,377 shares of the company’s stock worth $533,000 after purchasing an additional 2,546 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of 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 worth $1,059,000 after purchasing an additional 493 shares during the last quarter. Finally, Jane Street Group LLC raised 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 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).
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