Private Advisor Group LLC Boosts Stock Position in Franklin Income Focus ETF (NYSEARCA:INCM)

Private Advisor Group LLC increased its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,553 shares of the company’s stock after acquiring an additional 5,563 shares during the period. Private Advisor Group LLC owned about 0.12% of Franklin Income Focus ETF worth $680,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Franklin Income Focus ETF by 1,098.1% in the fourth quarter. Wells Fargo & Company MN now owns 469,144 shares of the company’s stock worth $12,245,000 after acquiring an additional 429,988 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Franklin Income Focus ETF by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 117,711 shares of the company’s stock worth $3,072,000 after purchasing an additional 8,536 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Franklin Income Focus ETF during the 4th quarter worth about $830,000. Raymond James Financial Inc. purchased a new stake in Franklin Income Focus ETF during the 4th quarter worth about $29,071,000. Finally, NewEdge Advisors LLC raised its position in Franklin Income Focus ETF by 10.8% in the 4th quarter. NewEdge Advisors LLC now owns 62,673 shares of the company’s stock valued at $1,636,000 after purchasing an additional 6,099 shares in the last quarter.

Franklin Income Focus ETF Stock Performance

Shares of Franklin Income Focus ETF stock opened at $27.39 on Wednesday. The business has a 50-day simple moving average of $26.95 and a 200-day simple moving average of $26.60. Franklin Income Focus ETF has a one year low of $24.62 and a one year high of $27.72. The company has a market cap of $728.57 million, a PE ratio of -46,660.99 and a beta of 0.50.

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.