Jones Financial Companies Lllp Acquires 43,225 Shares of Franklin Income Focus ETF $INCM

Jones Financial Companies Lllp lifted its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 25.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,617 shares of the company’s stock after buying an additional 43,225 shares during the period. Jones Financial Companies Lllp owned about 0.64% of Franklin Income Focus ETF worth $5,983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank bought a new position in Franklin Income Focus ETF in the first quarter valued at approximately $53,000. Jane Street Group LLC boosted its holdings in shares of Franklin Income Focus ETF by 203.7% in the 1st quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock valued at $3,533,000 after buying an additional 88,985 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Franklin Income Focus ETF by 54.3% in the second quarter. Janney Montgomery Scott LLC now owns 35,793 shares of the company’s stock valued at $968,000 after buying an additional 12,598 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Franklin Income Focus ETF by 9.7% during the second quarter. DAVENPORT & Co LLC now owns 102,041 shares of the company’s stock worth $2,760,000 after buying an additional 9,032 shares during the last quarter. Finally, CWM LLC raised its position in Franklin Income Focus ETF by 367.4% during the second quarter. CWM LLC now owns 62,340 shares of the company’s stock worth $1,686,000 after acquiring an additional 49,003 shares in the last quarter.

Franklin Income Focus ETF Price Performance

Shares of INCM stock opened at $29.11 on Friday. The company has a fifty day moving average price of $28.38 and a two-hundred day moving average price of $27.89. Franklin Income Focus ETF has a one year low of $24.62 and a one year high of $29.28. The stock has a market cap of $1.22 billion, a P/E ratio of -49,591.14 and a beta of 0.49.

Franklin Income Focus ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Friday, January 30th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Franklin Income Focus ETF’s dividend payout ratio (DPR) is presently -240,204.42%.

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.