Cambridge Investment Research Advisors Inc. trimmed its stake in shares of Franklin Income Equity Focus ETF (NYSEARCA:INCE – Free Report) by 1.6% during the first quarter, HoldingsChannel.com reports. The firm owned 21,636 shares of the company’s stock after selling 354 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Franklin Income Equity Focus ETF were worth $1,216,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE bought a new position in Franklin Income Equity Focus ETF in the 4th quarter valued at $76,000. SRS Capital Advisors Inc. purchased a new stake in shares of Franklin Income Equity Focus ETF in the fourth quarter worth $103,000. Tidemark LLC bought a new stake in Franklin Income Equity Focus ETF during the fourth quarter valued at $136,000. Harbour Investments Inc. purchased a new position in Franklin Income Equity Focus ETF during the fourth quarter worth about $139,000. Finally, Mariner LLC purchased a new position in Franklin Income Equity Focus ETF during the fourth quarter worth about $230,000.
Franklin Income Equity Focus ETF Stock Up 0.2%
NYSEARCA:INCE opened at $58.65 on Friday. The business’s 50-day moving average price is $56.00 and its two-hundred day moving average price is $55.90. Franklin Income Equity Focus ETF has a twelve month low of $49.68 and a twelve month high of $59.38. The stock has a market cap of $93.84 million, a P/E ratio of 16.98 and a beta of 0.83.
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.
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Want to see what other hedge funds are holding INCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Income Equity Focus ETF (NYSEARCA:INCE – Free Report).
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