Steward Partners Investment Advisory LLC Buys 40,387 Shares of Franklin Income Focus ETF (NYSEARCA:INCM)

Steward Partners Investment Advisory LLC increased its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 59.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,103 shares of the company’s stock after buying an additional 40,387 shares during the period. Steward Partners Investment Advisory LLC owned 1.25% of Franklin Income Focus ETF worth $2,821,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INCM. GPS Wealth Strategies Group LLC increased its stake in shares of Franklin Income Focus ETF by 41.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,157 shares of the company’s stock valued at $82,000 after purchasing an additional 920 shares in the last quarter. Principal Securities Inc. boosted its stake in Franklin Income Focus ETF by 24.9% in the 4th quarter. Principal Securities Inc. now owns 5,340 shares of the company’s stock worth $139,000 after purchasing an additional 1,065 shares in the last quarter. Stifel Financial Corp grew its position in Franklin Income Focus ETF by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 159,474 shares of the company’s stock valued at $4,334,000 after purchasing an additional 1,072 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Franklin Income Focus ETF by 7.6% during the 4th quarter. Perigon Wealth Management LLC now owns 16,025 shares of the company’s stock valued at $424,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Franklin Income Focus ETF by 13.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 9,860 shares of the company’s stock worth $257,000 after buying an additional 1,175 shares during the last quarter.

Franklin Income Focus ETF Stock Performance

Shares of NYSEARCA INCM opened at $26.88 on Friday. The firm’s 50 day moving average price is $26.62 and its 200-day moving average price is $26.82. Franklin Income Focus ETF has a 52-week low of $25.13 and a 52-week high of $27.65. The company has a market cap of $514.75 million, a PE ratio of 20.11 and a beta of 0.40.

Franklin Income Focus ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 31st were paid a dividend of $0.1004 per share. The ex-dividend date was Friday, January 31st.

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.