Summit Investment Advisory Services LLC Makes New Investment in Franklin Income Focus ETF (NYSEARCA:INCM)

Summit Investment Advisory Services LLC acquired a new stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 80,695 shares of the company’s stock, valued at approximately $2,074,000. Franklin Income Focus ETF makes up about 1.3% of Summit Investment Advisory Services LLC’s holdings, making the stock its 13th biggest position. Summit Investment Advisory Services LLC owned about 2.02% of Franklin Income Focus ETF as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC purchased a new position in shares of Franklin Income Focus ETF in the third quarter valued at $3,841,000. Commonwealth Equity Services LLC bought a new stake in Franklin Income Focus ETF in the third quarter worth $762,000. Janney Montgomery Scott LLC bought a new stake in Franklin Income Focus ETF in the third quarter worth $221,000. Raymond James & Associates bought a new stake in Franklin Income Focus ETF in the third quarter worth $401,000. Finally, Barrett & Company Inc. bought a new stake in shares of Franklin Income Focus ETF during the third quarter worth $36,000.

Franklin Income Focus ETF Stock Up 0.0 %

Shares of NYSEARCA:INCM traded up $0.01 on Friday, hitting $26.08. 33,769 shares of the company’s stock were exchanged, compared to its average volume of 45,629. Franklin Income Focus ETF has a 12 month low of $23.36 and a 12 month high of $26.38. The business’s 50 day simple moving average is $25.68 and its two-hundred day simple moving average is $25.04.

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.