Royal Bank of Canada Reduces Stock Position in Franklin Income Equity Focus ETF $INCE

Royal Bank of Canada cut its position in Franklin Income Equity Focus ETF (NYSEARCA:INCE) by 55.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,536 shares of the company’s stock after selling 15,473 shares during the period. Royal Bank of Canada owned approximately 0.72% of Franklin Income Equity Focus ETF worth $811,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Franklin Income Equity Focus ETF during the fourth quarter worth about $35,000. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 233 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Franklin Income Equity Focus ETF during the 4th quarter valued at approximately $86,000. Independent Financial Group LLC purchased a new stake in shares of Franklin Income Equity Focus ETF in the 1st quarter valued at $210,000. Finally, World Investment Advisors purchased a new stake in shares of Franklin Income Equity Focus ETF in the 4th quarter valued at $204,000.

Franklin Income Equity Focus ETF Price Performance

NYSEARCA:INCE opened at $69.42 on Friday. The firm has a market capitalization of $138.84 million, a P/E ratio of 17.48 and a beta of 0.74. Franklin Income Equity Focus ETF has a 1-year low of $58.26 and a 1-year high of $70.08. The company’s fifty day moving average price is $67.97 and its 200-day moving average price is $66.79.

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.