Larson Financial Group LLC Has $15.28 Million Stock Position in Franklin Income Focus ETF $INCM

Larson Financial Group LLC lifted its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 65.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 550,795 shares of the company’s stock after acquiring an additional 217,670 shares during the period. Larson Financial Group LLC owned approximately 1.63% of Franklin Income Focus ETF worth $15,279,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC lifted its stake in Franklin Income Focus ETF by 5.9% during the 3rd quarter. Sowell Financial Services LLC now owns 436,196 shares of the company’s stock valued at $12,100,000 after acquiring an additional 24,153 shares in the last quarter. Pinnacle Financial Group LLC IL boosted its position in Franklin Income Focus ETF by 206.7% in the second quarter. Pinnacle Financial Group LLC IL now owns 61,112 shares of the company’s stock worth $1,653,000 after purchasing an additional 41,188 shares during the last quarter. Next Level Private LLC grew its stake in Franklin Income Focus ETF by 9.2% in the 3rd quarter. Next Level Private LLC now owns 280,106 shares of the company’s stock valued at $7,798,000 after purchasing an additional 23,672 shares during the period. Lido Advisors LLC increased its position in shares of Franklin Income Focus ETF by 343.3% during the 2nd quarter. Lido Advisors LLC now owns 138,618 shares of the company’s stock valued at $3,764,000 after purchasing an additional 107,347 shares during the last quarter. Finally, Smith Moore & CO. raised its stake in shares of Franklin Income Focus ETF by 46.5% during the 2nd quarter. Smith Moore & CO. now owns 140,167 shares of the company’s stock worth $3,792,000 after purchasing an additional 44,474 shares during the period.

Franklin Income Focus ETF Stock Up 0.5%

INCM opened at $28.96 on Tuesday. The company’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $28.26. Franklin Income Focus ETF has a twelve month low of $24.62 and a twelve month high of $29.57. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -49,335.60 and a beta of 0.49.

Franklin Income Focus ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 27th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from Franklin Income Focus ETF’s previous monthly dividend of $0.12. Franklin Income Focus ETF’s payout ratio is currently -241,908.00%.

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.