Franklin Income Focus ETF $INCM is Next Level Private LLC’s 10th Largest Position

Next Level Private LLC grew its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 439,360 shares of the company’s stock after purchasing an additional 43,892 shares during the period. Franklin Income Focus ETF comprises approximately 2.5% of Next Level Private LLC’s investment portfolio, making the stock its 10th largest holding. Next Level Private LLC owned 0.78% of Franklin Income Focus ETF worth $12,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Franklin Income Focus ETF by 3.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,664 shares of the company’s stock valued at $567,000 after purchasing an additional 659 shares during the period. Western Wealth Management LLC acquired a new stake in Franklin Income Focus ETF during the first quarter valued at $120,000. NewEdge Advisors LLC grew its position in Franklin Income Focus ETF by 12.3% during the first quarter. NewEdge Advisors LLC now owns 117,043 shares of the company’s stock valued at $3,365,000 after buying an additional 12,793 shares during the period. Verus Capital Partners LLC increased its holdings in Franklin Income Focus ETF by 5.1% in the first quarter. Verus Capital Partners LLC now owns 28,405 shares of the company’s stock valued at $817,000 after buying an additional 1,374 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Franklin Income Focus ETF by 8.2% in the first quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after buying an additional 102,252 shares in the last quarter.

Franklin Income Focus ETF Stock Performance

Shares of Franklin Income Focus ETF stock opened at $29.47 on Monday. Franklin Income Focus ETF has a fifty-two week low of $27.10 and a fifty-two week high of $29.57. The firm has a 50-day simple moving average of $29.16 and a two-hundred day simple moving average of $29.14. The company has a market cap of $1.74 billion, a P/E ratio of -50,204.43 and a beta of 0.40.

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.