Franklin Income Focus ETF $INCM Stock Position Raised by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. increased its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 65.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 52,510 shares of the company’s stock after buying an additional 20,735 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Franklin Income Focus ETF were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Comerica Bank acquired a new position in Franklin Income Focus ETF in the first quarter valued at approximately $53,000. Jane Street Group LLC lifted its holdings in shares of Franklin Income Focus ETF by 203.7% in the 1st quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock worth $3,533,000 after purchasing an additional 88,985 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Franklin Income Focus ETF by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after purchasing an additional 442 shares during the last quarter. NewEdge Advisors LLC boosted its position in Franklin Income Focus ETF by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock valued at $2,444,000 after purchasing an additional 24,366 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Franklin Income Focus ETF by 14.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,693,284 shares of the company’s stock valued at $45,803,000 after purchasing an additional 219,781 shares during the period.

Franklin Income Focus ETF Price Performance

Shares of INCM opened at $29.32 on Tuesday. Franklin Income Focus ETF has a 12 month low of $25.21 and a 12 month high of $29.57. The stock has a fifty day moving average price of $29.10 and a 200 day moving average price of $28.48. The company has a market cap of $1.42 billion, a P/E ratio of -49,948.89 and a beta of 0.46.

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.