Raymond James Financial Inc. Buys Shares of 148,515 Franklin Income Equity Focus ETF (NYSEARCA:INCE)

Raymond James Financial Inc. bought a new stake in Franklin Income Equity Focus ETF (NYSEARCA:INCE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 148,515 shares of the company’s stock, valued at approximately $8,227,000.

Several other large investors have also recently bought and sold shares of the company. Principal Securities Inc. bought a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter worth about $133,000. Allworth Financial LP bought a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter worth about $49,000. US Bancorp DE bought a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter worth about $76,000. D.A. Davidson & CO. bought a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter worth about $1,773,000. Finally, Global Retirement Partners LLC bought a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter worth about $188,000.

Franklin Income Equity Focus ETF Price Performance

Shares of INCE opened at $56.46 on Friday. Franklin Income Equity Focus ETF has a 1 year low of $52.64 and a 1 year high of $59.38. The company has a market capitalization of $93.16 million, a price-to-earnings ratio of 18.58 and a beta of 0.88. The business has a 50-day moving average of $57.08 and a 200-day moving average of $57.39.

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 was Friday, January 31st.

Franklin Income Equity Focus ETF Company 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.