Cwm LLC Purchases 74,291 Shares of Franklin Income Focus ETF $INCM

Cwm LLC lifted its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 55.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,319 shares of the company’s stock after buying an additional 74,291 shares during the quarter. Cwm LLC owned approximately 0.51% of Franklin Income Focus ETF worth $5,813,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Franklin Income Focus ETF during the fourth quarter valued at about $35,000. Comerica Bank bought a new stake in Franklin Income Focus ETF during the first quarter valued at about $53,000. Nations Financial Group Inc. IA ADV bought a new stake in Franklin Income Focus ETF during the third quarter valued at about $214,000. Oppenheimer & Co. Inc. bought a new stake in Franklin Income Focus ETF during the third quarter valued at about $242,000. Finally, C2C Wealth Management LLC bought a new stake in Franklin Income Focus ETF during the fourth quarter valued at about $252,000.

Franklin Income Focus ETF Price Performance

Shares of INCM stock opened at $29.22 on Wednesday. Franklin Income Focus ETF has a 1-year low of $25.45 and a 1-year high of $29.57. The stock’s 50-day moving average is $29.09 and its 200 day moving average is $28.49. The company has a market cap of $1.42 billion, a P/E ratio of -49,778.53 and a beta of 0.46.

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.