Principal Securities Inc. Buys Shares of 2,394 Franklin Income Equity Focus ETF (NYSEARCA:INCE)

Principal Securities Inc. purchased a new position in Franklin Income Equity Focus ETF (NYSEARCA:INCE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,394 shares of the company’s stock, valued at approximately $133,000.

A number of other hedge funds have also added to or reduced their stakes in INCE. Money Concepts Capital Corp purchased a new position in shares of Franklin Income Equity Focus ETF in the 4th quarter valued at approximately $290,000. AlphaStar Capital Management LLC purchased a new stake in Franklin Income Equity Focus ETF in the fourth quarter valued at $541,000. CENTRAL TRUST Co acquired a new stake in Franklin Income Equity Focus ETF during the fourth quarter worth about $634,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter worth approximately $681,000. Finally, Silver Oak Securities Incorporated purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter valued at $1,501,000.

Franklin Income Equity Focus ETF Price Performance

Franklin Income Equity Focus ETF stock opened at $58.05 on Wednesday. The stock has a market capitalization of $95.78 million, a PE ratio of 18.57 and a beta of 0.88. Franklin Income Equity Focus ETF has a 12 month low of $51.61 and a 12 month high of $59.38. The business has a 50 day simple moving average of $56.70 and a 200-day simple moving average of $57.36.

Franklin Income Equity Focus ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 31st were given a $0.1967 dividend. The ex-dividend date was Friday, January 31st.

Franklin Income Equity Focus ETF Profile

The Franklin Income Equity Focus ETF (INCE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks income and capital appreciation with lower volatility than the S&P 500 Index. The fund invests in stocks globally using proprietary fundamental research. INCE was launched on Sep 20, 2016 and is issued by Franklin Templeton.