Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – Here’s Why

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) shares saw strong trading volume on Tuesday . 170,470 shares were traded during trading, an increase of 91% from the previous session’s volume of 89,273 shares.The stock last traded at $56.06 and had previously closed at $55.23.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a market capitalization of $1.60 billion, a P/E ratio of 25.39 and a beta of 0.92. The firm has a 50 day moving average price of $59.28 and a two-hundred day moving average price of $59.35.

Hedge Funds Weigh In On Franklin U.S. Equity Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in Franklin U.S. Equity Index ETF during the 4th quarter worth about $35,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Franklin U.S. Equity Index ETF during the fourth quarter valued at approximately $46,000. Huntington National Bank purchased a new stake in shares of Franklin U.S. Equity Index ETF in the 3rd quarter valued at approximately $53,000. Larson Financial Group LLC purchased a new stake in shares of Franklin U.S. Equity Index ETF in the 4th quarter valued at approximately $106,000. Finally, Bank of America Corp DE boosted its stake in Franklin U.S. Equity Index ETF by 19.9% in the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock worth $149,000 after purchasing an additional 455 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).