Sigma Planning Corp Purchases New Stake in Franklin Income Focus ETF $INCM

Sigma Planning Corp acquired a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,175 shares of the company’s stock, valued at approximately $574,000.

A number of other hedge funds have also recently added to or reduced their stakes in INCM. Citadel Advisors LLC raised its holdings in shares of Franklin Income Focus ETF by 108.1% during the second quarter. Citadel Advisors LLC now owns 42,856 shares of the company’s stock worth $1,237,000 after purchasing an additional 22,266 shares during the period. Royal Bank of Canada lifted its position in shares of Franklin Income Focus ETF by 16.7% in the 1st quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock worth $44,801,000 after buying an additional 223,466 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Franklin Income Focus ETF by 84.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 121,730 shares of the company’s stock worth $3,500,000 after buying an additional 55,793 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Franklin Income Focus ETF by 8.2% in the 1st quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock worth $38,574,000 after buying an additional 102,252 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Franklin Income Focus ETF in the 2nd quarter valued at about $579,000.

Franklin Income Focus ETF Stock Performance

NYSEARCA INCM opened at $29.20 on Friday. Franklin Income Focus ETF has a one year low of $27.40 and a one year high of $29.95. The company has a 50-day simple moving average of $29.08 and a 200-day simple moving average of $29.13. The firm has a market capitalization of $2.02 billion, a PE ratio of -49,744.46 and a beta of 0.41.

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.