Richards Merrill & Peterson Inc. Purchases 20,235 Shares of Franklin Income Focus ETF $INCM

Richards Merrill & Peterson Inc. grew its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 38.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,745 shares of the company’s stock after purchasing an additional 20,235 shares during the quarter. Richards Merrill & Peterson Inc. owned about 0.15% of Franklin Income Focus ETF worth $2,091,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Comerica Bank bought a new stake in Franklin Income Focus ETF during the 1st quarter valued at approximately $53,000. Jane Street Group LLC increased its position in Franklin Income Focus ETF by 203.7% in the 1st quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock worth $3,533,000 after buying an additional 88,985 shares during the period. JPMorgan Chase & Co. increased its position in Franklin Income Focus ETF by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after buying an additional 442 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Franklin Income Focus ETF by 36.9% during the second quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock worth $2,444,000 after buying an additional 24,366 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Franklin Income Focus ETF by 14.9% during the second quarter. Raymond James Financial Inc. now owns 1,693,284 shares of the company’s stock worth $45,803,000 after buying an additional 219,781 shares during the last quarter.

Franklin Income Focus ETF Trading Up 0.4%

INCM opened at $29.13 on Wednesday. Franklin Income Focus ETF has a 1-year low of $26.83 and a 1-year high of $29.57. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -49,625.21 and a beta of 0.40. The business has a 50 day moving average of $29.24 and a 200-day moving average of $28.92.

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