Thurston Springer Miller Herd & Titak Inc. lowered its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 84.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,879 shares of the company’s stock after selling 33,147 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Franklin Income Focus ETF were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth approximately $53,000. Capital Analysts LLC acquired a new position in Franklin Income Focus ETF during the first quarter worth $120,000. Jacobi Capital Management LLC purchased a new stake in Franklin Income Focus ETF during the first quarter worth $202,000. PFG Advisors acquired a new stake in Franklin Income Focus ETF in the second quarter valued at $217,000. Finally, WCG Wealth Advisors LLC acquired a new stake in Franklin Income Focus ETF in the second quarter valued at $270,000.
Franklin Income Focus ETF Stock Down 0.3%
Franklin Income Focus ETF stock opened at $28.05 on Wednesday. Franklin Income Focus ETF has a 52 week low of $24.62 and a 52 week high of $28.27. The firm’s 50-day simple moving average is $27.84 and its 200 day simple moving average is $27.51. The firm has a market capitalization of $948.09 million, a PE ratio of -47,785.35 and a beta of 0.49.
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.
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