Global Retirement Partners LLC Takes $188,000 Position in Franklin Income Equity Focus ETF (NYSEARCA:INCE)

Global Retirement Partners LLC purchased a new position in Franklin Income Equity Focus ETF (NYSEARCA:INCE) in the fourth quarter, Holdings Channel.com reports. The fund purchased 3,390 shares of the company’s stock, valued at approximately $188,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HTLF Bank purchased a new position in Franklin Income Equity Focus ETF during the 4th quarter valued at $14,925,000. D.A. Davidson & CO. bought a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at about $1,773,000. Silver Oak Securities Incorporated purchased a new position in shares of Franklin Income Equity Focus ETF during the fourth quarter valued at about $1,501,000. Fortis Group Advisors LLC bought a new position in Franklin Income Equity Focus ETF in the fourth quarter worth about $1,002,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in Franklin Income Equity Focus ETF in the fourth quarter worth about $681,000.

Franklin Income Equity Focus ETF Stock Performance

Franklin Income Equity Focus ETF stock opened at $58.05 on Wednesday. Franklin Income Equity Focus ETF has a fifty-two week low of $51.61 and a fifty-two week high of $59.38. The stock’s 50 day simple moving average is $56.70 and its two-hundred day simple moving average is $57.36. The stock has a market cap of $95.78 million, a price-to-earnings ratio of 18.57 and a beta of 0.88.

Franklin Income Equity Focus ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Investors 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.