Royal Bank of Canada decreased its stake in Franklin Income Equity Focus ETF (NYSEARCA:INCE – Free Report) by 55.2% during the first quarter, Holdings Channel reports. The institutional investor owned 12,536 shares of the company’s stock after selling 15,473 shares during the quarter. Royal Bank of Canada’s holdings in Franklin Income Equity Focus ETF were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Franklin Income Equity Focus ETF by 132.9% during the first quarter. Goldman Sachs Group Inc. now owns 38,430 shares of the company’s stock valued at $2,160,000 after acquiring an additional 21,931 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Franklin Income Equity Focus ETF by 78.3% during the 1st quarter. Jane Street Group LLC now owns 24,494 shares of the company’s stock worth $1,377,000 after purchasing an additional 10,756 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Franklin Income Equity Focus ETF by 36.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 867 shares of the company’s stock valued at $50,000 after purchasing an additional 233 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Franklin Income Equity Focus ETF by 23.2% during the 2nd quarter. Raymond James Financial Inc. now owns 195,256 shares of the company’s stock valued at $11,221,000 after purchasing an additional 36,832 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of Franklin Income Equity Focus ETF by 69.0% during the 3rd quarter. Mariner LLC now owns 8,963 shares of the company’s stock valued at $531,000 after purchasing an additional 3,658 shares in the last quarter.
Franklin Income Equity Focus ETF Price Performance
INCE opened at $69.42 on Friday. The firm has a fifty day moving average price of $67.97 and a 200 day moving average price of $66.79. Franklin Income Equity Focus ETF has a 1 year low of $58.26 and a 1 year high of $70.08. The stock has a market cap of $138.84 million, a P/E ratio of 17.48 and a beta of 0.74.
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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