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

Shares of Franklin U.S. Equity Index ETF (NYSEARCA:USPX) saw strong trading volume on Monday . 96,493 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 49,242 shares.The stock last traded at $49.64 and had previously closed at $48.26.

Franklin U.S. Equity Index ETF Stock Up 2.6 %

The firm has a market capitalization of $1.19 billion, a P/E ratio of 24.64 and a beta of 0.89. The firm has a 50 day moving average of $52.07 and a 200-day moving average of $51.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Latitude Advisors LLC acquired a new position in Franklin U.S. Equity Index ETF during the fourth quarter valued at approximately $252,000. IronBridge Private Wealth LLC acquired a new position in Franklin U.S. Equity Index ETF during the third quarter valued at approximately $261,000. Mariner LLC raised its position in Franklin U.S. Equity Index ETF by 32.5% during the fourth quarter. Mariner LLC now owns 10,377 shares of the company’s stock valued at $533,000 after purchasing an additional 2,546 shares in the last quarter. Park Avenue Securities LLC raised its position in Franklin U.S. Equity Index ETF by 2.4% during the fourth quarter. Park Avenue Securities LLC now owns 20,623 shares of the company’s stock valued at $1,059,000 after purchasing an additional 493 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 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).