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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw an uptick in trading volume on Tuesday . 918,590 shares changed hands during mid-day 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 Performance

The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 24.59 and a beta of 0.89. The business’s 50 day moving average is $51.45 and its 200 day moving average is $51.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its stake in Franklin U.S. Equity Index ETF by 1,349.5% in the 4th 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. Bank of New York Mellon Corp grew its holdings in shares of 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 acquiring an additional 65,806 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Franklin U.S. Equity Index ETF by 2.2% in the fourth quarter. Sanctuary Advisors LLC now owns 1,796,958 shares of the company’s stock worth $95,557,000 after acquiring an additional 38,940 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Franklin U.S. Equity Index ETF by 587.0% during the third quarter. Jane Street Group LLC now owns 31,994 shares of the company’s stock worth $1,608,000 after acquiring an additional 27,337 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Franklin U.S. Equity Index ETF by 4.2% during the fourth 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 during the last quarter.

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).