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

Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Friday . 37,193 shares traded hands during trading, a decline of 7% from the previous session’s volume of 39,779 shares.The stock last traded at $60.55 and had previously closed at $60.88.

Franklin U.S. Equity Index ETF Stock Down 0.5%

The company has a market cap of $1.71 billion, a P/E ratio of 25.39 and a beta of 0.92. The business’s 50 day moving average is $60.18 and its 200 day moving average is $58.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank acquired a new stake in shares of Franklin U.S. Equity Index ETF in the third quarter valued at $53,000. Bank of America Corp DE increased its holdings in 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 purchasing an additional 455 shares during the period. Bogart Wealth LLC purchased a new stake in Franklin U.S. Equity Index ETF during the 4th quarter worth about $152,000. Cetera Investment Advisers acquired a new stake in Franklin U.S. Equity Index ETF in the 2nd quarter valued at about $254,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Franklin U.S. Equity Index ETF in the 2nd quarter valued at about $704,000.

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).