18,423 Shares in Franklin Income Focus ETF $INCM Purchased by World Investment Advisors

World Investment Advisors bought a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) in the 4th quarter, HoldingsChannel.com reports. The firm bought 18,423 shares of the company’s stock, valued at approximately $517,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in Franklin Income Focus ETF during the fourth quarter worth about $35,000. Comerica Bank purchased a new stake in Franklin Income Focus ETF in the first quarter valued at approximately $53,000. International Assets Investment Management LLC purchased a new stake in Franklin Income Focus ETF in the fourth quarter valued at approximately $90,000. Nations Financial Group Inc. IA ADV purchased a new stake in Franklin Income Focus ETF in the third quarter valued at approximately $214,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Franklin Income Focus ETF in the third quarter valued at approximately $242,000.

Franklin Income Focus ETF Price Performance

Shares of INCM opened at $29.08 on Wednesday. The firm’s 50 day simple moving average is $29.03 and its 200 day simple moving average is $28.66. The company has a market capitalization of $1.45 billion, a P/E ratio of -49,540.03 and a beta of 0.41. Franklin Income Focus ETF has a 1-year low of $26.25 and a 1-year high of $29.57.

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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.