Franklin Income Focus ETF $INCM Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc lifted its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 26.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,585 shares of the company’s stock after acquiring an additional 7,963 shares during the period. Prospera Financial Services Inc’s holdings in Franklin Income Focus ETF were worth $1,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INCM. Harbour Investments Inc. lifted its holdings in Franklin Income Focus ETF by 5.6% in the 1st quarter. Harbour Investments Inc. now owns 10,791 shares of the company’s stock valued at $287,000 after purchasing an additional 569 shares in the last quarter. Kennedy Investment Group raised its position in shares of Franklin Income Focus ETF by 8.5% in the second quarter. Kennedy Investment Group now owns 10,201 shares of the company’s stock valued at $276,000 after buying an additional 795 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Franklin Income Focus ETF by 1.4% during the second quarter. Brookstone Capital Management now owns 62,082 shares of the company’s stock valued at $1,679,000 after buying an additional 846 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of Franklin Income Focus ETF by 12.4% during the second quarter. Stratos Wealth Partners LTD. now owns 13,111 shares of the company’s stock valued at $355,000 after buying an additional 1,443 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Franklin Income Focus ETF by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 119,216 shares of the company’s stock worth $3,175,000 after acquiring an additional 1,505 shares during the last quarter.

Franklin Income Focus ETF Stock Performance

INCM stock opened at $27.92 on Thursday. The company has a 50 day moving average price of $27.74 and a two-hundred day moving average price of $27.23. The stock has a market capitalization of $943.70 million, a P/E ratio of -47,563.88 and a beta of 0.49. Franklin Income Focus ETF has a one year low of $24.62 and a one year high of $28.22.

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.