Franklin Income Focus ETF $INCM Shares Purchased by Next Level Private LLC

Next Level Private LLC increased its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 10.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310,529 shares of the company’s stock after buying an additional 30,423 shares during the quarter. Franklin Income Focus ETF comprises 2.3% of Next Level Private LLC’s investment portfolio, making the stock its 10th biggest holding. Next Level Private LLC owned about 0.80% of Franklin Income Focus ETF worth $8,707,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisory Services LLC acquired a new stake in shares of Franklin Income Focus ETF in the third quarter valued at approximately $24,675,000. Base Wealth Management LLC acquired a new position in shares of Franklin Income Focus ETF in the 2nd quarter valued at $7,346,000. Osaic Holdings Inc. increased its holdings in shares of Franklin Income Focus ETF by 108.2% in the 2nd quarter. Osaic Holdings Inc. now owns 520,504 shares of the company’s stock valued at $14,081,000 after acquiring an additional 270,461 shares during the period. Raymond James Financial Inc. raised its position in Franklin Income Focus ETF by 15.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after purchasing an additional 258,689 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Franklin Income Focus ETF by 32.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock worth $25,203,000 after purchasing an additional 223,654 shares during the period.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA:INCM opened at $28.52 on Friday. Franklin Income Focus ETF has a 1-year low of $24.62 and a 1-year high of $29.57. The stock has a market cap of $1.19 billion, a P/E ratio of -48,586.03 and a beta of 0.49. The firm has a fifty day moving average price of $29.07 and a 200 day moving average price of $28.29.

Franklin Income Focus ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 27th were paid a dividend of $0.13 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. This is a positive change from Franklin Income Focus ETF’s previous monthly dividend of $0.12. The ex-dividend date was Friday, February 27th. Franklin Income Focus ETF’s payout ratio is currently -241,908.00%.

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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.