Franklin Income Focus ETF $INCM Stock Position Boosted by Next Level Private LLC

Next Level Private LLC raised its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 27.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,468 shares of the company’s stock after buying an additional 84,939 shares during the period. Franklin Income Focus ETF comprises about 2.6% of Next Level Private LLC’s holdings, making the stock its 9th largest position. Next Level Private LLC’s holdings in Franklin Income Focus ETF were worth $11,370,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. LPL Financial LLC boosted its position in shares of Franklin Income Focus ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock worth $107,145,000 after acquiring an additional 1,096,264 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Franklin Income Focus ETF by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock worth $55,150,000 after acquiring an additional 377,352 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Franklin Income Focus ETF by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock worth $54,148,000 after acquiring an additional 258,689 shares in the last quarter. Royal Bank of Canada lifted its stake in Franklin Income Focus ETF by 35.2% during the fourth quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock worth $37,428,000 after purchasing an additional 347,817 shares during the last quarter. Finally, Summit Investment Advisory Services LLC lifted its stake in Franklin Income Focus ETF by 3.0% during the fourth quarter. Summit Investment Advisory Services LLC now owns 1,000,830 shares of the company’s stock worth $28,063,000 after purchasing an additional 29,408 shares during the last quarter.

Franklin Income Focus ETF Price Performance

Shares of INCM opened at $29.14 on Monday. The stock has a 50 day moving average price of $29.24 and a 200 day moving average price of $28.95. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -49,642.25 and a beta of 0.40. Franklin Income Focus ETF has a 52-week low of $26.95 and a 52-week high of $29.57.

About Franklin Income Focus ETF

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.