Richards Merrill & Peterson Inc. Has $2.09 Million Position in Franklin Income Focus ETF $INCM

Richards Merrill & Peterson Inc. lifted its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 38.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 72,745 shares of the company’s stock after acquiring an additional 20,235 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Franklin Income Focus ETF were worth $2,091,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in INCM. Assetmark Inc. acquired a new position in Franklin Income Focus ETF in the 4th quarter valued at approximately $35,000. Comerica Bank acquired a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth approximately $53,000. International Assets Investment Management LLC bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $90,000. Titleist Asset Management LLC bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $201,000. Finally, C2C Wealth Management LLC acquired a new position in shares of Franklin Income Focus ETF in the fourth quarter valued at $252,000.

Franklin Income Focus ETF Price Performance

Shares of INCM stock opened at $29.13 on Wednesday. The stock has a market cap of $1.45 billion, a P/E ratio of -49,625.21 and a beta of 0.40. Franklin Income Focus ETF has a one year low of $26.83 and a one year high of $29.57. The stock has a fifty day moving average price of $29.24 and a 200 day moving average price of $28.92.

Franklin Income Focus ETF Company 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.