Cetera Investment Advisers Reduces Stock Position in Franklin Income Equity Focus ETF (NYSEARCA:INCE)

Cetera Investment Advisers decreased its holdings in Franklin Income Equity Focus ETF (NYSEARCA:INCE) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,236 shares of the company’s stock after selling 1,154 shares during the quarter. Cetera Investment Advisers owned 1.76% of Franklin Income Equity Focus ETF worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Trust Co. NA boosted its holdings in shares of Franklin Income Equity Focus ETF by 82.1% in the first quarter. Private Trust Co. NA now owns 1,417 shares of the company’s stock worth $80,000 after buying an additional 639 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Franklin Income Equity Focus ETF during the 1st quarter worth approximately $206,000. Mariner LLC bought a new stake in Franklin Income Equity Focus ETF during the 4th quarter worth approximately $230,000. Janney Montgomery Scott LLC bought a new stake in Franklin Income Equity Focus ETF during the 1st quarter worth approximately $239,000. Finally, D.A. Davidson & CO. raised its stake in Franklin Income Equity Focus ETF by 17.5% during the 1st quarter. D.A. Davidson & CO. now owns 37,615 shares of the company’s stock worth $2,114,000 after acquiring an additional 5,610 shares during the period.

Franklin Income Equity Focus ETF Trading Up 0.5%

NYSEARCA INCE opened at $57.84 on Friday. Franklin Income Equity Focus ETF has a 12 month low of $49.68 and a 12 month high of $59.38. The stock has a market cap of $92.54 million, a price-to-earnings ratio of 17.48 and a beta of 0.83. The company’s 50 day moving average is $57.60 and its two-hundred day moving average is $56.29.

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.