Gateway Wealth Partners LLC Acquires 89,131 Shares of Franklin Income Focus ETF $INCM

Gateway Wealth Partners LLC increased its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 258.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,624 shares of the company’s stock after buying an additional 89,131 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Franklin Income Focus ETF were worth $3,554,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in shares of Franklin Income Focus ETF by 40.2% during the 4th quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock worth $107,145,000 after purchasing an additional 1,096,264 shares during the period. Wells Fargo & Company MN raised its position in Franklin Income Focus ETF by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock worth $55,150,000 after purchasing an additional 377,352 shares during the period. Royal Bank of Canada raised its position in Franklin Income Focus ETF by 35.2% in the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock worth $37,428,000 after purchasing an additional 347,817 shares during the period. Raymond James Financial Inc. lifted its stake in Franklin Income Focus ETF by 15.3% in the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock worth $54,148,000 after purchasing an additional 258,689 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Franklin Income Focus ETF by 32.7% in the third quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock worth $25,203,000 after purchasing an additional 223,654 shares during the last quarter.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA:INCM opened at $29.09 on Tuesday. The firm has a market capitalization of $1.69 billion, a PE ratio of -49,557.07 and a beta of 0.41. The business has a 50 day simple moving average of $29.17 and a two-hundred day simple moving average of $29.09. Franklin Income Focus ETF has a 1 year low of $26.95 and a 1 year high of $29.57.

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.