Summit Investment Advisory Services LLC grew its stake in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000,830 shares of the company’s stock after buying an additional 29,408 shares during the period. Franklin Income Focus ETF accounts for 10.6% of Summit Investment Advisory Services LLC’s investment portfolio, making the stock its 4th largest holding. Summit Investment Advisory Services LLC owned about 2.43% of Franklin Income Focus ETF worth $28,063,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of INCM. Assetmark Inc. acquired a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at $35,000. Comerica Bank acquired a new position in shares of Franklin Income Focus ETF in the 1st quarter valued at $53,000. International Assets Investment Management LLC acquired a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at $90,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of Franklin Income Focus ETF in the 3rd quarter valued at $214,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Franklin Income Focus ETF in the 3rd quarter valued at $242,000.
Franklin Income Focus ETF Stock Performance
Shares of Franklin Income Focus ETF stock opened at $29.23 on Monday. The company has a fifty day simple moving average of $29.06 and a 200-day simple moving average of $28.60. Franklin Income Focus ETF has a 12-month low of $26.10 and a 12-month high of $29.57. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -49,795.57 and a beta of 0.41.
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.
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