Base Wealth Management LLC Lowers Stock Holdings in Franklin Income Focus ETF $INCM

Base Wealth Management LLC cut its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 6.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 319,318 shares of the company’s stock after selling 22,621 shares during the quarter. Franklin Income Focus ETF comprises approximately 5.1% of Base Wealth Management LLC’s holdings, making the stock its 6th biggest position. Base Wealth Management LLC’s holdings in Franklin Income Focus ETF were worth $9,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in Franklin Income Focus ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock valued at $107,145,000 after acquiring an additional 1,096,264 shares during the period. Wells Fargo & Company MN grew its position in shares of Franklin Income Focus ETF by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock valued at $55,150,000 after purchasing an additional 377,352 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Franklin Income Focus ETF by 15.3% in the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after purchasing an additional 258,689 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Franklin Income Focus ETF by 35.2% during the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock valued at $37,428,000 after purchasing an additional 347,817 shares during the period. Finally, Summit Investment Advisory Services LLC raised its stake in shares of Franklin Income Focus ETF by 3.0% during the 4th quarter. Summit Investment Advisory Services LLC now owns 1,000,830 shares of the company’s stock valued at $28,063,000 after purchasing an additional 29,408 shares during the period.

Franklin Income Focus ETF Stock Performance

Shares of INCM opened at $29.03 on Thursday. Franklin Income Focus ETF has a 52-week low of $26.95 and a 52-week high of $29.57. The stock’s 50-day simple moving average is $29.21 and its 200 day simple moving average is $29.01. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -49,454.86 and a beta of 0.41.

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.