Cetera Investment Advisers boosted its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 621,105 shares of the company’s stock after purchasing an additional 44,721 shares during the period. Cetera Investment Advisers owned about 1.25% of Franklin Income Focus ETF worth $17,857,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Assetmark Inc. bought a new stake in Franklin Income Focus ETF during the 4th quarter worth approximately $35,000. Comerica Bank bought a new position in Franklin Income Focus ETF in the 1st quarter worth $53,000. Geneos Wealth Management Inc. purchased a new stake in Franklin Income Focus ETF in the 1st quarter worth $62,000. International Assets Investment Management LLC bought a new stake in Franklin Income Focus ETF during the fourth quarter valued at about $90,000. Finally, Fifth Third Bancorp bought a new stake in Franklin Income Focus ETF during the first quarter valued at about $144,000.
Franklin Income Focus ETF Stock Up 0.1%
Shares of Franklin Income Focus ETF stock opened at $29.09 on Tuesday. The stock’s 50-day simple moving average is $29.17 and its 200-day simple moving average is $29.09. Franklin Income Focus ETF has a 52 week low of $26.95 and a 52 week high of $29.57. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -49,557.07 and a beta of 0.41.
Franklin Income Focus ETF Company 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.
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