D.A. Davidson & CO. Makes New $1.77 Million Investment in Franklin Income Equity Focus ETF (NYSEARCA:INCE)

D.A. Davidson & CO. bought a new position in Franklin Income Equity Focus ETF (NYSEARCA:INCE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 32,005 shares of the company’s stock, valued at approximately $1,773,000.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at approximately $49,000. Principal Securities Inc. purchased a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at approximately $133,000. Money Concepts Capital Corp purchased a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at approximately $290,000. AlphaStar Capital Management LLC purchased a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at approximately $541,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of Franklin Income Equity Focus ETF during the 4th quarter valued at approximately $634,000.

Franklin Income Equity Focus ETF Stock Performance

INCE stock opened at $58.09 on Friday. The firm has a market cap of $95.85 million, a PE ratio of 18.57 and a beta of 0.88. The firm’s 50 day moving average price is $56.64 and its 200-day moving average price is $57.29. Franklin Income Equity Focus ETF has a one year low of $51.61 and a one year high of $59.38.

Franklin Income Equity Focus ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 31st were given a $0.1967 dividend. The ex-dividend date was Friday, January 31st.

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.