Tidemark LLC Purchases Shares of 2,462 Franklin Income Equity Focus ETF (NYSEARCA:INCE)

Tidemark LLC purchased a new position in Franklin Income Equity Focus ETF (NYSEARCA:INCE) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,462 shares of the company’s stock, valued at approximately $136,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Trust Co. NA bought a new position in Franklin Income Equity Focus ETF in the 4th quarter worth about $43,000. Allworth Financial LP bought a new position in shares of Franklin Income Equity Focus ETF in the fourth quarter worth approximately $49,000. US Bancorp DE purchased a new stake in Franklin Income Equity Focus ETF in the fourth quarter valued at approximately $76,000. SRS Capital Advisors Inc. bought a new stake in Franklin Income Equity Focus ETF during the fourth quarter valued at approximately $103,000. Finally, Principal Securities Inc. purchased a new position in Franklin Income Equity Focus ETF in the 4th quarter worth approximately $133,000.

Franklin Income Equity Focus ETF Stock Performance

Franklin Income Equity Focus ETF stock opened at $56.12 on Friday. Franklin Income Equity Focus ETF has a fifty-two week low of $52.64 and a fifty-two week high of $59.38. The stock has a market cap of $92.60 million, a P/E ratio of 18.58 and a beta of 0.88. The firm’s fifty day moving average price is $56.96 and its 200-day moving average price is $57.41.

Franklin Income Equity Focus ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 31st were paid a dividend of $0.1967 per share. 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.