Royal Bank of Canada Purchases 223,466 Shares of Franklin Income Focus ETF $INCM

Royal Bank of Canada raised its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 16.7% during the first quarter, Holdings Channel reports. The fund owned 1,558,296 shares of the company’s stock after buying an additional 223,466 shares during the period. Royal Bank of Canada’s holdings in Franklin Income Focus ETF were worth $44,801,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Gateway Wealth Partners LLC increased its stake in shares of Franklin Income Focus ETF by 258.4% in the first quarter. Gateway Wealth Partners LLC now owns 123,624 shares of the company’s stock worth $3,554,000 after buying an additional 89,131 shares during the period. Cetera Investment Advisers increased its holdings in Franklin Income Focus ETF by 7.8% during the 1st quarter. Cetera Investment Advisers now owns 621,105 shares of the company’s stock valued at $17,857,000 after purchasing an additional 44,721 shares during the period. Spartan Wealth Advisory Services LLC purchased a new position in Franklin Income Focus ETF during the 1st quarter valued at about $1,795,000. Assetmark Inc. raised its position in Franklin Income Focus ETF by 43.0% during the 1st quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after purchasing an additional 540 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Franklin Income Focus ETF by 6.2% in the 1st quarter. D.A. Davidson & CO. now owns 153,075 shares of the company’s stock worth $4,401,000 after buying an additional 8,890 shares during the period.

Franklin Income Focus ETF Stock Performance

INCM opened at $29.14 on Monday. The stock has a market capitalization of $1.71 billion, a PE ratio of -49,642.25 and a beta of 0.41. The stock’s 50 day moving average price is $29.16 and its 200-day moving average price is $29.11. Franklin Income Focus ETF has a 52-week low of $26.95 and a 52-week high of $29.57.

About Franklin Income Focus ETF

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.