315,152 Shares in Franklin Income Focus ETF $INCM Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC bought a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 315,152 shares of the company’s stock, valued at approximately $8,969,000.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Franklin Income Focus ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after acquiring an additional 223,466 shares in the last quarter. Bank of America Corp DE grew its position in shares of Franklin Income Focus ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after purchasing an additional 102,252 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Franklin Income Focus ETF by 7.8% during the first quarter. Cetera Investment Advisers now owns 621,105 shares of the company’s stock worth $17,857,000 after purchasing an additional 44,721 shares during the period. Next Level Private LLC lifted its holdings in Franklin Income Focus ETF by 11.1% during the 2nd quarter. Next Level Private LLC now owns 439,360 shares of the company’s stock worth $12,678,000 after purchasing an additional 43,892 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Franklin Income Focus ETF during the 3rd quarter worth approximately $12,397,000.

Franklin Income Focus ETF Price Performance

INCM opened at $28.95 on Friday. Franklin Income Focus ETF has a 1 year low of $27.57 and a 1 year high of $29.95. The company has a market capitalization of $2.03 billion, a PE ratio of -49,318.57 and a beta of 0.40. The business has a fifty day simple moving average of $28.99 and a 200 day simple moving average of $29.15.

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.