Franklin Income Focus ETF $INCM Shares Bought by Next Level Private LLC

Next Level Private LLC lifted its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 310,529 shares of the company’s stock after purchasing an additional 30,423 shares during the quarter. Franklin Income Focus ETF comprises about 2.3% of Next Level Private LLC’s investment portfolio, making the stock its 10th largest position. Next Level Private LLC’s holdings in Franklin Income Focus ETF were worth $8,707,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Comerica Bank acquired a new stake in shares of Franklin Income Focus ETF in the first quarter valued at about $53,000. Nations Financial Group Inc. IA ADV purchased a new stake in Franklin Income Focus ETF during the third quarter worth about $214,000. Oppenheimer & Co. Inc. acquired a new position in Franklin Income Focus ETF during the third quarter worth about $242,000. WCG Wealth Advisors LLC acquired a new position in Franklin Income Focus ETF during the second quarter worth about $270,000. Finally, PFG Advisors increased its holdings in Franklin Income Focus ETF by 21.7% in the third quarter. PFG Advisors now owns 9,778 shares of the company’s stock valued at $271,000 after buying an additional 1,744 shares in the last quarter.

Franklin Income Focus ETF Trading Down 0.9%

INCM stock opened at $28.52 on Friday. The firm has a 50 day moving average of $29.07 and a 200-day moving average of $28.29. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -48,586.03 and a beta of 0.49. Franklin Income Focus ETF has a 12-month low of $24.62 and a 12-month high of $29.57.

Franklin Income Focus ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Friday, February 27th were paid a $0.13 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Franklin Income Focus ETF’s previous monthly dividend of $0.12. Franklin Income Focus ETF’s dividend payout ratio (DPR) is -241,908.00%.

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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.