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

Tidemark LLC acquired a new position in Franklin Income Equity Focus ETF (NYSEARCA:INCE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,462 shares of the company’s stock, valued at approximately $136,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new stake in Franklin Income Equity Focus ETF in the fourth quarter worth approximately $691,000. Raymond James Financial Inc. acquired a new position in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at $8,227,000. SRS Capital Advisors Inc. bought a new position in Franklin Income Equity Focus ETF during the fourth quarter worth $103,000. US Bancorp DE acquired a new stake in Franklin Income Equity Focus ETF in the fourth quarter worth $76,000. Finally, Private Trust Co. NA bought a new stake in Franklin Income Equity Focus ETF in the fourth quarter valued at $43,000.

Franklin Income Equity Focus ETF Trading Up 1.5 %

Shares of NYSEARCA INCE opened at $56.12 on Friday. The firm’s 50-day moving average price is $56.96 and its 200-day moving average price is $57.41. The firm has a market capitalization of $92.60 million, a P/E ratio of 18.58 and a beta of 0.88. Franklin Income Equity Focus ETF has a 1-year low of $52.64 and a 1-year high of $59.38.

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 issued a $0.1967 dividend. 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.