Thurston Springer Miller Herd & Titak Inc. Boosts Stake in Franklin Income Focus ETF $INCM

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 3,999.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,026 shares of the company’s stock after acquiring an additional 38,074 shares during the quarter. Thurston Springer Miller Herd & Titak Inc. owned 0.15% of Franklin Income Focus ETF worth $1,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Investment Advisory Services LLC grew its holdings in shares of Franklin Income Focus ETF by 936.0% during the first quarter. Summit Investment Advisory Services LLC now owns 884,643 shares of the company’s stock worth $23,558,000 after purchasing an additional 799,254 shares in the last quarter. Raymond James Financial Inc. grew its stake in Franklin Income Focus ETF by 32.3% in the 1st quarter. Raymond James Financial Inc. now owns 1,473,503 shares of the company’s stock worth $39,239,000 after buying an additional 359,680 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Franklin Income Focus ETF by 24.3% in the 1st quarter. LPL Financial LLC now owns 1,705,333 shares of the company’s stock worth $45,413,000 after buying an additional 333,406 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Franklin Income Focus ETF by 22.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 956,616 shares of the company’s stock valued at $24,968,000 after buying an additional 174,400 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Franklin Income Focus ETF by 38.5% during the 4th quarter. Ameriprise Financial Inc. now owns 510,887 shares of the company’s stock valued at $13,334,000 after buying an additional 141,904 shares in the last quarter.

Franklin Income Focus ETF Stock Performance

Shares of NYSEARCA:INCM opened at $27.68 on Monday. The firm has a market capitalization of $752.90 million, a PE ratio of -47,155.03 and a beta of 0.50. Franklin Income Focus ETF has a 52-week low of $24.62 and a 52-week high of $27.90. The firm has a fifty day moving average of $27.41 and a 200 day moving average of $26.77.

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.