World Investment Advisors acquired a new stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,423 shares of the company’s stock, valued at approximately $517,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. purchased a new stake in shares of Franklin Income Focus ETF in the fourth quarter worth about $35,000. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF in the first quarter worth about $53,000. International Assets Investment Management LLC purchased a new stake in shares of Franklin Income Focus ETF in the fourth quarter worth about $90,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Franklin Income Focus ETF in the third quarter worth about $214,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Franklin Income Focus ETF in the third quarter worth about $242,000.
Franklin Income Focus ETF Trading Down 0.3%
Shares of Franklin Income Focus ETF stock opened at $29.08 on Wednesday. Franklin Income Focus ETF has a 12-month low of $26.25 and a 12-month high of $29.57. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -49,540.03 and a beta of 0.41. The company’s 50-day moving average price is $29.03 and its 200-day moving average price is $28.66.
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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