Franklin Income Focus ETF $INCM Shares Purchased by Intrua Financial LLC

Intrua Financial LLC grew its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 444.0% during the second quarter, Holdings Channel reports. The institutional investor owned 58,980 shares of the company’s stock after acquiring an additional 48,138 shares during the period. Intrua Financial LLC’s holdings in Franklin Income Focus ETF were worth $1,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INCM. Envestnet Asset Management Inc. increased its stake in shares of Franklin Income Focus ETF by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 119,216 shares of the company’s stock valued at $3,175,000 after acquiring an additional 1,505 shares during the period. CWM LLC boosted its stake in Franklin Income Focus ETF by 2,402.3% during the 1st quarter. CWM LLC now owns 13,337 shares of the company’s stock valued at $355,000 after purchasing an additional 12,804 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Franklin Income Focus ETF during the 1st quarter valued at $908,000. Private Advisor Group LLC increased its position in shares of Franklin Income Focus ETF by 27.8% during the 1st quarter. Private Advisor Group LLC now owns 25,553 shares of the company’s stock valued at $680,000 after purchasing an additional 5,563 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Franklin Income Focus ETF in the 1st quarter worth $744,000.

Franklin Income Focus ETF Stock Down 0.4%

Shares of INCM stock opened at $27.80 on Friday. The stock has a 50-day simple moving average of $27.75 and a 200 day simple moving average of $27.24. Franklin Income Focus ETF has a fifty-two week low of $24.62 and a fifty-two week high of $28.22. The stock has a market capitalization of $939.64 million, a P/E ratio of -47,359.45 and a beta of 0.49.

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.