435,583 Shares of Franklin Income Focus ETF $INCM Bought by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new stake in Franklin Income Focus ETF (NYSEARCA:INCM) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 435,583 shares of the company’s stock, valued at approximately $12,397,000. Sowell Financial Services LLC owned 0.64% of Franklin Income Focus ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of INCM. Royal Bank of Canada grew its holdings in Franklin Income Focus ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after purchasing an additional 223,466 shares during the period. Richards Merrill & Peterson Inc. acquired a new position in Franklin Income Focus ETF during the third quarter worth approximately $3,951,000. Bank of America Corp DE increased its position in Franklin Income Focus ETF by 8.2% during the first quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock worth $38,574,000 after buying an additional 102,252 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in Franklin Income Focus ETF by 258.4% in the first quarter. Gateway Wealth Partners LLC now owns 123,624 shares of the company’s stock valued at $3,554,000 after buying an additional 89,131 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Franklin Income Focus ETF by 129.8% in the first quarter. Bank of New York Mellon Corp now owns 134,167 shares of the company’s stock valued at $3,857,000 after buying an additional 75,772 shares during the period.

Franklin Income Focus ETF Stock Up 0.1%

NYSEARCA:INCM opened at $29.32 on Thursday. Franklin Income Focus ETF has a 12-month low of $27.40 and a 12-month high of $29.95. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -49,948.89 and a beta of 0.41. The stock’s 50 day moving average price is $29.09 and its two-hundred day moving average price is $29.12.

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.