Spartan Wealth Advisory Services LLC Takes $1.79 Million Position in Franklin Income Focus ETF $INCM

Spartan Wealth Advisory Services LLC purchased a new stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the 1st quarter, Holdings Channel reports. The fund purchased 62,450 shares of the company’s stock, valued at approximately $1,795,000.

A number of other institutional investors also recently bought and sold shares of INCM. JPMorgan Chase & Co. boosted its stake 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. Sanctuary Advisors LLC raised its stake in shares of Franklin Income Focus ETF by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 50,639 shares of the company’s stock valued at $1,420,000 after acquiring an additional 472 shares during the period. Assetmark Inc. raised its stake in shares of Franklin Income Focus ETF by 43.0% in the first quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after acquiring an additional 540 shares during the period. Lido Advisors LLC lifted its holdings in shares of Franklin Income Focus ETF by 0.5% in the 3rd quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock worth $3,880,000 after acquiring an additional 687 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of Franklin Income Focus ETF by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,906 shares of the company’s stock worth $586,000 after acquiring an additional 1,103 shares during the last quarter.

Franklin Income Focus ETF Trading Down 0.2%

INCM stock opened at $29.08 on Friday. Franklin Income Focus ETF has a 12 month low of $26.95 and a 12 month high of $29.57. The company has a 50-day moving average price of $29.18 and a 200 day moving average price of $29.04. The stock has a market cap of $1.66 billion, a PE ratio of -49,540.03 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.