Franklin Income Focus ETF (NYSEARCA:INCM) Stake Raised by Cwm LLC

Cwm LLC grew its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 2,402.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,337 shares of the company’s stock after buying an additional 12,804 shares during the period. Cwm LLC owned 0.06% of Franklin Income Focus ETF worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Franklin Income Focus ETF by 1,098.1% during the fourth quarter. Wells Fargo & Company MN now owns 469,144 shares of the company’s stock valued at $12,245,000 after acquiring an additional 429,988 shares during the period. Stifel Financial Corp increased its stake in shares of Franklin Income Focus ETF by 4.9% during the fourth quarter. Stifel Financial Corp now owns 167,224 shares of the company’s stock valued at $4,365,000 after acquiring an additional 7,750 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $29,071,000. Advisory Services Network LLC acquired a new position in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $830,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Franklin Income Focus ETF by 22.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 956,616 shares of the company’s stock valued at $24,968,000 after acquiring an additional 174,400 shares during the period.

Franklin Income Focus ETF Price Performance

NYSEARCA INCM opened at $27.42 on Friday. Franklin Income Focus ETF has a 12 month low of $24.62 and a 12 month high of $27.72. The firm has a market capitalization of $729.37 million, a PE ratio of -46,712.10 and a beta of 0.50. The company’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $26.58.

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.