Franklin Income Focus ETF $INCM Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 84.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,730 shares of the company’s stock after buying an additional 55,793 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.25% of Franklin Income Focus ETF worth $3,500,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of INCM. JPMorgan Chase & Co. boosted its holdings in Franklin Income Focus ETF by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock valued at $630,000 after acquiring an additional 442 shares during the period. Sanctuary Advisors LLC lifted its position in shares of Franklin Income Focus ETF by 0.9% during the fourth quarter. Sanctuary Advisors LLC now owns 50,639 shares of the company’s stock worth $1,420,000 after purchasing an additional 472 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Franklin Income Focus ETF by 0.5% during the third quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock worth $3,880,000 after purchasing an additional 687 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of Franklin Income Focus ETF by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 20,906 shares of the company’s stock worth $586,000 after purchasing an additional 1,103 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in shares of Franklin Income Focus ETF in the fourth quarter valued at approximately $35,000.

Franklin Income Focus ETF Price Performance

Shares of INCM stock traded up $0.07 during trading on Tuesday, reaching $29.29. The company’s stock had a trading volume of 24,450 shares, compared to its average volume of 347,712. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -49,897.79 and a beta of 0.41. The stock’s 50-day moving average price is $29.21 and its 200 day moving average price is $28.99. Franklin Income Focus ETF has a 1-year low of $26.95 and a 1-year high of $29.57.

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.