435,583 Shares in Franklin Income Focus ETF $INCM Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in Franklin Income Focus ETF (NYSEARCA:INCM) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 435,583 shares of the company’s stock, valued at approximately $12,397,000. Sowell Financial Services LLC owned about 0.65% of Franklin Income Focus ETF as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in INCM. Wellington Altus USA Inc. increased its holdings in shares of Franklin Income Focus ETF by 17.1% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,398 shares of the company’s stock worth $69,000 after buying an additional 350 shares during the last quarter. Assetmark Inc. boosted its holdings in Franklin Income Focus ETF by 43.0% in the first quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after acquiring an additional 540 shares during the last quarter. Asset Allocation Strategies LLC boosted its holdings in Franklin Income Focus ETF by 3.9% in the second quarter. Asset Allocation Strategies LLC now owns 17,008 shares of the company’s stock valued at $491,000 after acquiring an additional 643 shares during the last quarter. Titleist Asset Management LLC boosted its holdings in Franklin Income Focus ETF by 9.0% in the third quarter. Titleist Asset Management LLC now owns 7,820 shares of the company’s stock valued at $223,000 after acquiring an additional 645 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Franklin Income Focus ETF by 3.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,664 shares of the company’s stock valued at $567,000 after acquiring an additional 659 shares during the period.

Franklin Income Focus ETF Trading Up 0.3%

INCM stock opened at $29.00 on Wednesday. The company has a market cap of $1.94 billion, a PE ratio of -49,403.75 and a beta of 0.41. The stock has a 50-day moving average price of $29.14 and a two-hundred day moving average price of $29.17. Franklin Income Focus ETF has a 12-month low of $27.40 and a 12-month high of $29.95.

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.