World Investment Advisors acquired a new stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,423 shares of the company’s stock, valued at approximately $517,000.
Several other large investors have also recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Franklin Income Focus ETF during the fourth quarter worth $35,000. Comerica Bank acquired a new stake in Franklin Income Focus ETF during the 1st quarter worth $53,000. International Assets Investment Management LLC bought a new position in Franklin Income Focus ETF during the fourth quarter worth about $90,000. Titleist Asset Management LLC bought a new position in Franklin Income Focus ETF during the fourth quarter worth about $201,000. Finally, C2C Wealth Management LLC bought a new position in Franklin Income Focus ETF during the fourth quarter worth about $252,000.
Franklin Income Focus ETF Trading Up 0.4%
NYSEARCA:INCM opened at $29.13 on Wednesday. The stock has a 50-day moving average price of $29.24 and a two-hundred day moving average price of $28.92. Franklin Income Focus ETF has a 1 year low of $26.83 and a 1 year high of $29.57. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -49,625.21 and a beta of 0.40.
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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