US Bancorp DE Takes Position in Franklin Income Equity Focus ETF (NYSEARCA:INCE)

US Bancorp DE acquired a new stake in Franklin Income Equity Focus ETF (NYSEARCA:INCE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,381 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Private Trust Co. NA purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter worth approximately $43,000. Allworth Financial LP purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter worth approximately $49,000. Principal Securities Inc. purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter worth approximately $133,000. Global Retirement Partners LLC purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter worth approximately $188,000. Finally, Money Concepts Capital Corp purchased a new position in Franklin Income Equity Focus ETF in the fourth quarter worth approximately $290,000.

Franklin Income Equity Focus ETF Stock Up 1.0 %

Shares of Franklin Income Equity Focus ETF stock opened at $56.69 on Tuesday. Franklin Income Equity Focus ETF has a 52-week low of $52.64 and a 52-week high of $59.38. The company has a 50 day moving average of $56.99 and a 200 day moving average of $57.41. The company has a market capitalization of $93.54 million, a P/E ratio of 18.58 and a beta of 0.88.

Franklin Income Equity Focus ETF Cuts Dividend

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

About Franklin Income Equity Focus ETF

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.