Franklin Income Focus ETF $INCM is Base Wealth Management LLC’s 6th Largest Position

Base Wealth Management LLC grew its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 341,939 shares of the company’s stock after acquiring an additional 38,554 shares during the period. Franklin Income Focus ETF accounts for approximately 5.2% of Base Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Base Wealth Management LLC owned 0.85% of Franklin Income Focus ETF worth $9,588,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of Franklin Income Focus ETF by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after purchasing an additional 258,689 shares during the period. Summit Investment Advisory Services LLC boosted its stake in Franklin Income Focus ETF by 6.5% in the 3rd quarter. Summit Investment Advisory Services LLC now owns 971,422 shares of the company’s stock worth $26,947,000 after purchasing an additional 59,238 shares during the period. Ameriprise Financial Inc. grew its holdings in Franklin Income Focus ETF by 32.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock valued at $25,203,000 after buying an additional 223,654 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Franklin Income Focus ETF by 32.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 718,490 shares of the company’s stock valued at $20,369,000 after buying an additional 177,205 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Franklin Income Focus ETF by 65.3% during the third quarter. Larson Financial Group LLC now owns 550,795 shares of the company’s stock valued at $15,279,000 after buying an additional 217,670 shares during the period.

Franklin Income Focus ETF Stock Performance

Shares of Franklin Income Focus ETF stock opened at $28.79 on Monday. Franklin Income Focus ETF has a 12-month low of $24.62 and a 12-month high of $29.57. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -49,046.00 and a beta of 0.49. The company’s 50-day moving average price is $29.09 and its 200-day moving average price is $28.37.

Franklin Income Focus ETF 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.