171,533 Shares of Franklin Income Focus ETF $INCM Bought by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in Franklin Income Focus ETF (NYSEARCA:INCM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 171,533 shares of the company’s stock, valued at approximately $4,882,000.

Other institutional investors have also added to or reduced their stakes in the company. Citadel Advisors LLC boosted its position in shares of Franklin Income Focus ETF by 108.1% in the second quarter. Citadel Advisors LLC now owns 42,856 shares of the company’s stock valued at $1,237,000 after acquiring an additional 22,266 shares during the period. Royal Bank of Canada raised its position in shares of Franklin Income Focus ETF by 16.7% in the first quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after buying an additional 223,466 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Franklin Income Focus ETF by 84.6% during the first quarter. Janney Montgomery Scott LLC now owns 121,730 shares of the company’s stock worth $3,500,000 after buying an additional 55,793 shares in the last quarter. Bank of America Corp DE grew 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 in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Franklin Income Focus ETF in the 2nd quarter valued at about $579,000.

Franklin Income Focus ETF Trading Down 0.9%

Shares of INCM opened at $29.20 on Friday. The stock has a 50-day moving average price of $29.08 and a 200-day moving average price of $29.13. The company has a market cap of $1.98 billion, a PE ratio of -49,744.46 and a beta of 0.41. Franklin Income Focus ETF has a 12-month low of $27.40 and a 12-month high of $29.95.

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.