Royal Bank of Canada grew its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,558,296 shares of the company’s stock after purchasing an additional 223,466 shares during the quarter. Royal Bank of Canada owned approximately 3.13% of Franklin Income Focus ETF worth $44,801,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Franklin Income Focus ETF by 40.2% during the fourth quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock valued at $107,145,000 after purchasing an additional 1,096,264 shares during the period. Wells Fargo & Company MN lifted its holdings in Franklin Income Focus ETF by 23.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock valued at $55,150,000 after purchasing an additional 377,352 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Franklin Income Focus ETF by 15.3% during the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after purchasing an additional 258,689 shares during the last quarter. Summit Investment Advisory Services LLC lifted its stake in shares of Franklin Income Focus ETF by 3.0% during the 4th quarter. Summit Investment Advisory Services LLC now owns 1,000,830 shares of the company’s stock valued at $28,063,000 after buying an additional 29,408 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Franklin Income Focus ETF by 32.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock valued at $25,203,000 after buying an additional 223,654 shares in the last quarter.
Franklin Income Focus ETF Stock Performance
INCM opened at $29.14 on Monday. Franklin Income Focus ETF has a 12 month low of $26.95 and a 12 month high of $29.57. The company has a market cap of $1.71 billion, a PE ratio of -49,642.25 and a beta of 0.41. The company has a 50 day moving average of $29.16 and a 200 day moving average of $29.11.
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.
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