Financial Advocates Investment Management raised its stake in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 14.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 24,410 shares of the company’s stock after purchasing an additional 3,163 shares during the quarter. Financial Advocates Investment Management’s holdings in Franklin Income Focus ETF were worth $660,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Comerica Bank acquired a new stake in shares of Franklin Income Focus ETF during the 1st quarter valued at $53,000. Capital Analysts LLC purchased a new stake in shares of Franklin Income Focus ETF during the first quarter worth $120,000. Jacobi Capital Management LLC acquired a new stake in Franklin Income Focus ETF during the first quarter valued at $202,000. Atria Wealth Solutions Inc. purchased a new position in Franklin Income Focus ETF in the first quarter valued at about $215,000. Finally, PFG Advisors acquired a new position in Franklin Income Focus ETF in the 2nd quarter worth about $217,000.
Franklin Income Focus ETF Price Performance
INCM opened at $28.07 on Thursday. The company has a market capitalization of $948.77 million, a PE ratio of -47,819.42 and a beta of 0.49. Franklin Income Focus ETF has a fifty-two week low of $24.62 and a fifty-two week high of $28.22. The business has a 50-day moving average of $27.77 and a 200-day moving average of $27.35.
Franklin Income Focus ETF Company Profile
The Franklin Income Focus ETF (INCM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a diversified portfolio of equities and debt securities. The fund seeks to maximize income over a full market cycle by utilizing income generation strategies and investing opportunistically across various assets classes, markets, and sectors.
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