Franklin Income Focus ETF $INCM Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV grew its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 337.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,651 shares of the company’s stock after acquiring an additional 46,794 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Franklin Income Focus ETF were worth $1,744,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Assetmark Inc. acquired a new position in Franklin Income Focus ETF in the 4th quarter valued at about $35,000. Comerica Bank acquired a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth about $53,000. International Assets Investment Management LLC acquired a new stake in shares of Franklin Income Focus ETF during the 4th quarter worth about $90,000. Titleist Asset Management LLC purchased a new stake in shares of Franklin Income Focus ETF during the fourth quarter worth about $201,000. Finally, C2C Wealth Management LLC purchased a new stake in shares of Franklin Income Focus ETF during the fourth quarter worth about $252,000.

Franklin Income Focus ETF Price Performance

NYSEARCA:INCM opened at $29.00 on Tuesday. The firm has a market cap of $1.44 billion, a PE ratio of -49,403.75 and a beta of 0.40. The firm has a 50 day simple moving average of $29.24 and a 200-day simple moving average of $28.92. Franklin Income Focus ETF has a 1-year low of $26.71 and a 1-year high of $29.57.

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.