DAVENPORT & Co LLC Increases Holdings in Franklin Income Focus ETF $INCM

DAVENPORT & Co LLC raised its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,041 shares of the company’s stock after buying an additional 9,032 shares during the quarter. DAVENPORT & Co LLC owned about 0.38% of Franklin Income Focus ETF worth $2,760,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Franklin Income Focus ETF by 24.3% in the 1st quarter. LPL Financial LLC now owns 1,705,333 shares of the company’s stock worth $45,413,000 after purchasing an additional 333,406 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Franklin Income Focus ETF by 32.3% in the 1st quarter. Raymond James Financial Inc. now owns 1,473,503 shares of the company’s stock worth $39,239,000 after purchasing an additional 359,680 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Franklin Income Focus ETF by 11.2% in the 1st quarter. Royal Bank of Canada now owns 798,194 shares of the company’s stock worth $21,256,000 after purchasing an additional 80,695 shares in the last quarter. Sowell Financial Services LLC increased its holdings in shares of Franklin Income Focus ETF by 2.8% in the 2nd quarter. Sowell Financial Services LLC now owns 412,043 shares of the company’s stock worth $11,146,000 after purchasing an additional 11,144 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Franklin Income Focus ETF by 21.1% in the 1st quarter. Cetera Investment Advisers now owns 318,184 shares of the company’s stock worth $8,473,000 after purchasing an additional 55,482 shares in the last quarter.

Franklin Income Focus ETF Stock Performance

Franklin Income Focus ETF stock opened at $27.84 on Thursday. The firm has a market cap of $864.43 million, a price-to-earnings ratio of -47,427.60 and a beta of 0.50. The stock has a fifty day simple moving average of $27.57 and a two-hundred day simple moving average of $26.90. Franklin Income Focus ETF has a 12 month low of $24.62 and a 12 month high of $28.13.

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.