Intrua Financial LLC raised its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 29.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 121,186 shares of the company’s stock after buying an additional 27,568 shares during the quarter. Intrua Financial LLC’s holdings in Franklin Income Focus ETF were worth $3,398,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in INCM. Assetmark Inc. purchased a new stake in Franklin Income Focus ETF during the fourth quarter valued at about $35,000. Comerica Bank purchased a new stake in Franklin Income Focus ETF during the first quarter valued at about $53,000. International Assets Investment Management LLC purchased a new stake in Franklin Income Focus ETF during the fourth quarter valued at about $90,000. Nations Financial Group Inc. IA ADV purchased a new stake in Franklin Income Focus ETF during the third quarter valued at about $214,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Franklin Income Focus ETF during the third quarter valued at about $242,000.
Franklin Income Focus ETF Stock Performance
INCM stock opened at $29.05 on Monday. The stock has a 50-day moving average price of $29.03 and a two-hundred day moving average price of $28.65. Franklin Income Focus ETF has a 12-month low of $26.25 and a 12-month high of $29.57. The company has a market cap of $1.45 billion, a PE ratio of -49,488.93 and a beta of 0.41.
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.
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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).
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