HBW Advisory Services LLC Acquires 34,498 Shares of Franklin Income Focus ETF $INCM

HBW Advisory Services LLC raised its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 303.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,853 shares of the company’s stock after purchasing an additional 34,498 shares during the quarter. HBW Advisory Services LLC’s holdings in Franklin Income Focus ETF were worth $1,318,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of INCM. Assetmark Inc. bought a new position in shares of Franklin Income Focus ETF in the fourth quarter worth approximately $35,000. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF during the first quarter valued at approximately $53,000. International Assets Investment Management LLC bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $90,000. Fifth Third Bancorp bought a new stake in shares of Franklin Income Focus ETF during the first quarter valued at approximately $144,000. Finally, Titleist Asset Management LLC purchased a new position in Franklin Income Focus ETF in the 4th quarter worth approximately $201,000.

Franklin Income Focus ETF Trading Down 0.1%

INCM stock opened at $29.02 on Wednesday. The stock has a market capitalization of $1.65 billion, a PE ratio of -49,437.82 and a beta of 0.41. Franklin Income Focus ETF has a 12-month low of $26.95 and a 12-month high of $29.57. The stock’s 50 day simple moving average is $29.19 and its 200 day simple moving average is $29.03.

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.