Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Sees Large Volume Increase – Time to Buy?

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Friday . 57,186 shares were traded during trading, an increase of 22% from the previous session’s volume of 46,991 shares.The stock last traded at $59.8860 and had previously closed at $59.99.

Franklin U.S. Equity Index ETF Stock Performance

The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 25.39 and a beta of 0.92. The stock’s fifty day moving average is $60.25 and its two-hundred day moving average is $58.68.

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

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Franklin U.S. Equity Index ETF by 2.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 13,264 shares of the company’s stock valued at $777,000 after acquiring an additional 312 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Franklin U.S. Equity Index ETF by 19.9% in the second 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 in the last quarter. Huntington National Bank acquired a new position in shares of Franklin U.S. Equity Index ETF during the third quarter valued at $53,000. Park Avenue Securities LLC raised its stake in shares of Franklin U.S. Equity Index ETF by 6.4% during the fourth quarter. Park Avenue Securities LLC now owns 22,618 shares of the company’s stock valued at $1,352,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Larson Financial Group LLC bought a new stake in shares of Franklin U.S. Equity Index ETF during the fourth quarter valued at about $106,000.

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).