Richards Merrill & Peterson Inc. acquired a new position in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) in the 3rd quarter, HoldingsChannel reports. The fund acquired 138,815 shares of the company’s stock, valued at approximately $3,951,000. Franklin Income Focus ETF accounts for about 1.2% of Richards Merrill & Peterson Inc.’s holdings, making the stock its 21st biggest position.
Several other large investors have also modified their holdings of INCM. Wellington Altus USA Inc. increased its holdings in Franklin Income Focus ETF by 17.1% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,398 shares of the company’s stock worth $69,000 after purchasing an additional 350 shares during the period. Assetmark Inc. raised its position in Franklin Income Focus ETF by 43.0% during the 1st quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after purchasing an additional 540 shares in the last quarter. Asset Allocation Strategies LLC lifted its holdings in shares of Franklin Income Focus ETF by 3.9% in the 2nd quarter. Asset Allocation Strategies LLC now owns 17,008 shares of the company’s stock worth $491,000 after buying an additional 643 shares during the period. Titleist Asset Management LLC lifted its holdings in shares of Franklin Income Focus ETF by 9.0% in the 3rd quarter. Titleist Asset Management LLC now owns 7,820 shares of the company’s stock worth $223,000 after buying an additional 645 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Franklin Income Focus ETF by 3.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 19,664 shares of the company’s stock worth $567,000 after buying an additional 659 shares during the period.
Franklin Income Focus ETF Trading Down 0.3%
Shares of INCM traded down $0.08 during midday trading on Monday, reaching $28.85. 139,109 shares of the stock were exchanged, compared to its average volume of 370,965. Franklin Income Focus ETF has a 52 week low of $27.40 and a 52 week high of $29.95. The company’s 50 day moving average is $29.16 and its two-hundred day moving average is $29.16. The company has a market capitalization of $1.93 billion, a P/E ratio of -49,122.66 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.
Read More
- Five stocks we like better than Franklin Income Focus ETF
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
- Insider Buying Is Rising at These 3 Regional Banks, But the Details Matter
- Illinois Tool Works Faces Headwinds—2 Alternatives Stand Out
Want to see what other hedge funds are holding INCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Income Focus ETF (NYSEARCA:INCM – Free Report).
Receive News & Ratings for Franklin Income Focus ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Income Focus ETF and related companies with MarketBeat.com's FREE daily email newsletter.
