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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Wednesday . Approximately 197,868 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 66,142 shares.The stock last traded at $60.6850 and had previously closed at $60.69.

Franklin U.S. Equity Index ETF Stock Up 0.6%

The firm has a 50-day simple moving average of $59.69 and a 200-day simple moving average of $57.78. The stock has a market cap of $1.69 billion, a PE ratio of 25.39 and a beta of 0.92.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Franklin U.S. Equity Index ETF by 18.1% during the second quarter. JPMorgan Chase & Co. now owns 418,432 shares of the company’s stock valued at $22,748,000 after acquiring an additional 64,227 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Franklin U.S. Equity Index ETF by 708.8% in the 2nd quarter. Osaic Holdings Inc. now owns 33,874 shares of the company’s stock worth $1,841,000 after purchasing an additional 29,686 shares in the last quarter. Park Avenue Securities LLC bought a new position in Franklin U.S. Equity Index ETF in the 2nd quarter valued at $1,280,000. Envestnet Asset Management Inc. bought a new position in Franklin U.S. Equity Index ETF in the 2nd quarter valued at $704,000. Finally, Franklin Resources Inc. grew its position in shares of Franklin U.S. Equity Index ETF by 30.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,150,001 shares of the company’s stock valued at $653,164,000 after purchasing an additional 2,634,653 shares in 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).