Franklin U.S. Equity Index ETF (NYSEARCA:USPX) Experiences Significant Trading Volume

On January 5th, 2025, shares of the Franklin U.S. Equity Index ETF (NYSEARCA:USPX) recorded a notable surge in trading volume. On this particular Friday, around 70,389 shares were traded, marking a remarkable increase of 139% compared to the previous trading session, which had only 29,450 shares change hands. The last recorded trading price for the ETF was $51.87, up from its previous close of $51.31.

Franklin U.S. Equity Index ETF Performance

As of the latest trading data, the stock has a 50-day moving average price of $52.15, while its 200-day moving average stands at $49.97. The ETF boasts a market capitalization of $1.26 billion and has a price-to-earnings ratio of 25.97. Its beta, which measures volatility in relation to the overall market, is 1.02, indicating it moves with market trends.

Institutional Investor Activity

Recent activity among hedge funds and institutional investors reveals a growing interest in the Franklin U.S. Equity Index ETF. Notably, Jane Street Group LLC enhanced its position in the ETF by 587.0% during the third quarter, bringing its total ownership to 31,994 shares valued at approximately $1.6 million, after acquiring an additional 27,337 shares. During the second quarter, Sanctuary Advisors LLC initiated a position worth $85,695,000. In the same quarter, Park Avenue Securities LLC increased its stake by 86.1%, now holding 20,130 shares valued at about $1 million after acquiring an additional 9,313 shares. Additionally, IronBridge Private Wealth LLC initiated a new position worth $261,000 during the third quarter.

About Franklin U.S. Equity Index ETF

The Franklin U.S. Equity Index ETF aims to invest at least 80% of its assets in the underlying securities that make up its index. This index is a free float-adjusted market capitalization-weighted index maintained and calculated by Morningstar, Inc., a leading provider of investment research and data.

Further Reading

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ETF, Trading, Volume