Smith Moore & CO. Grows Position in Franklin Income Focus ETF $INCM

Smith Moore & CO. raised its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 46.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 140,167 shares of the company’s stock after purchasing an additional 44,474 shares during the period. Smith Moore & CO.’s holdings in Franklin Income Focus ETF were worth $3,792,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Lido Advisors LLC boosted its stake in shares of Franklin Income Focus ETF by 343.3% during the second quarter. Lido Advisors LLC now owns 138,618 shares of the company’s stock valued at $3,764,000 after purchasing an additional 107,347 shares in the last quarter. Financial Advocates Investment Management raised its stake in Franklin Income Focus ETF by 14.9% in the second quarter. Financial Advocates Investment Management now owns 24,410 shares of the company’s stock worth $660,000 after buying an additional 3,163 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Franklin Income Focus ETF by 15.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 130,598 shares of the company’s stock worth $3,533,000 after buying an additional 17,180 shares during the period. JPMorgan Chase & Co. boosted its position in Franklin Income Focus ETF by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock valued at $630,000 after acquiring an additional 442 shares in the last quarter. Finally, Pinnacle Financial Group LLC IL increased its holdings in shares of Franklin Income Focus ETF by 206.7% in the 2nd quarter. Pinnacle Financial Group LLC IL now owns 61,112 shares of the company’s stock valued at $1,653,000 after acquiring an additional 41,188 shares during the period.

Franklin Income Focus ETF Price Performance

Shares of INCM stock opened at $28.03 on Monday. The stock’s 50-day moving average is $27.78 and its 200 day moving average is $27.38. Franklin Income Focus ETF has a 1-year low of $24.62 and a 1-year high of $28.22. The company has a market cap of $947.41 million, a P/E ratio of -47,751.28 and a beta of 0.49.

Franklin Income Focus ETF 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.