Franklin Income Focus ETF $INCM Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 337.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,651 shares of the company’s stock after purchasing an additional 46,794 shares during the quarter. Nations Financial Group Inc. IA ADV owned approximately 0.13% of Franklin Income Focus ETF worth $1,744,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Comerica Bank purchased a new position in shares of Franklin Income Focus ETF in the first quarter valued at $53,000. Jane Street Group LLC grew its stake 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 valued at $3,533,000 after acquiring an additional 88,985 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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. NewEdge Advisors LLC increased its holdings in Franklin Income Focus ETF by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock valued at $2,444,000 after acquiring an additional 24,366 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in 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 acquiring an additional 219,781 shares during the last quarter.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA INCM opened at $29.00 on Tuesday. Franklin Income Focus ETF has a 12-month low of $26.71 and a 12-month high of $29.57. The company has a market capitalization of $1.44 billion, a PE ratio of -49,403.75 and a beta of 0.40. The firm’s 50-day moving average is $29.24 and its two-hundred day moving average is $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.