Lido Advisors LLC Raises Stock Position in Franklin Income Focus ETF $INCM

Lido Advisors LLC raised its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 343.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,618 shares of the company’s stock after purchasing an additional 107,347 shares during the period. Lido Advisors LLC’s holdings in Franklin Income Focus ETF were worth $3,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of INCM. JPMorgan Chase & Co. lifted its holdings in Franklin Income Focus ETF by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after buying an additional 442 shares during the period. Harbour Investments Inc. raised its position in shares of Franklin Income Focus ETF by 5.6% in the 1st quarter. Harbour Investments Inc. now owns 10,791 shares of the company’s stock valued at $287,000 after purchasing an additional 569 shares during the last quarter. Kennedy Investment Group raised its holdings in shares of Franklin Income Focus ETF by 8.5% in the second quarter. Kennedy Investment Group now owns 10,201 shares of the company’s stock worth $276,000 after buying an additional 795 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Franklin Income Focus ETF by 1.4% during the second quarter. Brookstone Capital Management now owns 62,082 shares of the company’s stock valued at $1,679,000 after buying an additional 846 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of Franklin Income Focus ETF by 12.4% in the second quarter. Stratos Wealth Partners LTD. now owns 13,111 shares of the company’s stock valued at $355,000 after purchasing an additional 1,443 shares during the period.

Franklin Income Focus ETF Trading Up 0.1%

INCM opened at $27.94 on Wednesday. Franklin Income Focus ETF has a 12-month low of $24.62 and a 12-month high of $28.22. The firm has a market capitalization of $944.37 million, a PE ratio of -47,597.96 and a beta of 0.49. The firm has a 50 day moving average of $27.79 and a two-hundred day moving average of $27.40.

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.