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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw unusually-strong trading volume on Wednesday . Approximately 197,868 shares were traded during 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 Down 0.3%

The firm has a market cap of $1.68 billion, a P/E ratio of 25.39 and a beta of 0.92. The stock’s 50-day simple moving average is $59.68 and its 200 day simple moving average is $57.74.

Institutional Investors Weigh In On Franklin U.S. Equity Index ETF

Several large investors have recently added to or reduced their stakes in USPX. Huntington National Bank bought a new stake in Franklin U.S. Equity Index ETF in the third quarter worth approximately $53,000. Bank of America Corp DE grew its position in shares of Franklin U.S. Equity Index ETF by 19.9% during the 2nd quarter. Bank of America Corp DE now owns 2,736 shares of the company’s stock worth $149,000 after buying an additional 455 shares during the period. Cetera Investment Advisers bought a new stake in shares of Franklin U.S. Equity Index ETF in the 2nd quarter valued at $254,000. Envestnet Asset Management Inc. acquired a new position in shares of Franklin U.S. Equity Index ETF during the 2nd quarter valued at $704,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Franklin U.S. Equity Index ETF during the 2nd quarter valued at $1,280,000.

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).