Franklin Income Focus ETF $INCM Shares Purchased by Next Level Private LLC

Next Level Private LLC raised its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 27.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 395,468 shares of the company’s stock after purchasing an additional 84,939 shares during the quarter. Franklin Income Focus ETF accounts for approximately 2.6% of Next Level Private LLC’s portfolio, making the stock its 9th largest position. Next Level Private LLC owned about 0.81% of Franklin Income Focus ETF worth $11,370,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Franklin Income Focus ETF by 40.2% in the fourth quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock valued at $107,145,000 after buying an additional 1,096,264 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Franklin Income Focus ETF by 23.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock worth $55,150,000 after acquiring an additional 377,352 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Franklin Income Focus ETF by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock worth $54,148,000 after acquiring an additional 258,689 shares in the last quarter. Royal Bank of Canada boosted its holdings in Franklin Income Focus ETF by 35.2% during the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock valued at $37,428,000 after acquiring an additional 347,817 shares during the period. Finally, Summit Investment Advisory Services LLC grew its position in Franklin Income Focus ETF by 3.0% in 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 acquiring an additional 29,408 shares in the last quarter.

Franklin Income Focus ETF Price Performance

NYSEARCA INCM opened at $29.14 on Monday. The company has a market cap of $1.45 billion, a P/E ratio of -49,642.25 and a beta of 0.40. The stock has a 50-day moving average of $29.24 and a two-hundred day moving average of $28.95. Franklin Income Focus ETF has a 1-year low of $26.95 and a 1-year high of $29.57.

About Franklin Income Focus ETF

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.