Kestra Advisory Services LLC Buys 33,021 Shares of Franklin Income Focus ETF $INCM

Kestra Advisory Services LLC grew its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 23.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,215 shares of the company’s stock after acquiring an additional 33,021 shares during the period. Kestra Advisory Services LLC’s holdings in Franklin Income Focus ETF were worth $4,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in Franklin Income Focus ETF by 16.7% during the 1st quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after purchasing an additional 223,466 shares during the period. Bank of America Corp DE raised its holdings in shares of Franklin Income Focus ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock valued at $38,574,000 after purchasing an additional 102,252 shares in the last quarter. Cetera Investment Advisers increased its holdings in Franklin Income Focus ETF by 7.8% during the first quarter. Cetera Investment Advisers now owns 621,105 shares of the company’s stock valued at $17,857,000 after buying an additional 44,721 shares during the period. Next Level Private LLC lifted its holdings in Franklin Income Focus ETF by 11.1% during the second quarter. Next Level Private LLC now owns 439,360 shares of the company’s stock worth $12,678,000 after buying an additional 43,892 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in shares of Franklin Income Focus ETF in the 3rd quarter valued at $12,397,000.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA INCM opened at $28.97 on Friday. The stock has a market capitalization of $2.03 billion, a P/E ratio of -49,352.64 and a beta of 0.40. Franklin Income Focus ETF has a 1-year low of $27.57 and a 1-year high of $29.95. The business has a fifty day moving average price of $29.00 and a 200 day moving average price of $29.15.

Franklin Income Focus ETF Company 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.