Larson Financial Group LLC lifted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 655,490 shares of the company’s stock after purchasing an additional 104,695 shares during the period. Larson Financial Group LLC’s holdings in Franklin Income Focus ETF were worth $18,380,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intrua Financial LLC increased its stake in Franklin Income Focus ETF by 29.4% during the fourth quarter. Intrua Financial LLC now owns 121,186 shares of the company’s stock valued at $3,398,000 after acquiring an additional 27,568 shares during the period. Plus Group Wealth Advisors LLC bought a new position in Franklin Income Focus ETF during the fourth quarter valued at about $502,000. Cornerstone Wealth Management LLC increased its stake in Franklin Income Focus ETF by 29.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 9,865 shares of the company’s stock valued at $277,000 after acquiring an additional 2,250 shares during the period. Allworth Financial LP acquired a new stake in Franklin Income Focus ETF during the fourth quarter valued at approximately $417,000. Finally, World Investment Advisors acquired a new stake in Franklin Income Focus ETF during the fourth quarter valued at approximately $517,000.
Franklin Income Focus ETF Trading Up 0.4%
NYSEARCA INCM opened at $29.17 on Tuesday. The stock’s 50 day moving average is $29.03 and its two-hundred day moving average is $28.66. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -49,693.36 and a beta of 0.41. Franklin Income Focus ETF has a 1-year low of $26.25 and a 1-year high of $29.57.
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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.
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