Franklin Income Focus ETF $INCM Stock: Summit Investment Advisory Services LLC Increases Position

Summit Investment Advisory Services LLC lifted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,137,829 shares of the company’s stock after acquiring an additional 32,162 shares during the period. Franklin Income Focus ETF accounts for about 8.0% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 4th biggest holding. Summit Investment Advisory Services LLC owned approximately 1.65% of Franklin Income Focus ETF worth $32,383,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in INCM. Royal Bank of Canada raised its position in shares of 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 valued at $44,801,000 after buying an additional 223,466 shares during the last quarter. Bank of America Corp DE increased its holdings in Franklin Income Focus ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after acquiring an additional 102,252 shares during the last quarter. Cetera Investment Advisers lifted its stake in Franklin Income Focus ETF by 7.8% in the 1st quarter. Cetera Investment Advisers now owns 621,105 shares of the company’s stock worth $17,857,000 after purchasing an additional 44,721 shares in the last quarter. Next Level Private LLC lifted its stake in Franklin Income Focus ETF by 11.1% in the 2nd quarter. Next Level Private LLC now owns 439,360 shares of the company’s stock worth $12,678,000 after purchasing an additional 43,892 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of Franklin Income Focus ETF during the 3rd quarter valued at about $12,397,000.

Franklin Income Focus ETF Price Performance

Shares of Franklin Income Focus ETF stock traded down $0.14 during trading on Friday, reaching $28.88. 564,584 shares of the stock traded hands, compared to its average volume of 380,033. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -49,199.32 and a beta of 0.40. The business has a fifty day simple moving average of $29.03 and a two-hundred day simple moving average of $29.14. Franklin Income Focus ETF has a 52-week low of $27.46 and a 52-week high of $29.95.

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.