Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Strong Trading Volume – Still a Buy?

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-high trading volume on Friday . Approximately 70,389 shares traded hands during mid-day trading, an increase of 139% from the previous session’s volume of 29,450 shares.The stock last traded at $51.87 and had previously closed at $51.31.

Franklin U.S. Equity Index ETF Stock Up 1.5 %

The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 25.97 and a beta of 1.02. The stock has a 50 day simple moving average of $52.15 and a 200 day simple moving average of $49.97.

Institutional Trading of Franklin U.S. Equity Index ETF

Institutional investors have recently made changes to their positions in the company. IronBridge Private Wealth LLC bought a new position in shares of Franklin U.S. Equity Index ETF during the 3rd quarter valued at approximately $261,000. Park Avenue Securities LLC lifted its stake in Franklin U.S. Equity Index ETF by 86.1% in the third quarter. Park Avenue Securities LLC now owns 20,130 shares of the company’s stock valued at $1,012,000 after purchasing an additional 9,313 shares during the last quarter. Jane Street Group LLC grew its holdings in 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 valued at $1,608,000 after purchasing an additional 27,337 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Franklin U.S. Equity Index ETF in the second quarter worth $85,695,000.

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).