Prospera Financial Services Inc Grows Holdings in Franklin Income Focus ETF $INCM

Prospera Financial Services Inc increased its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 26.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,585 shares of the company’s stock after purchasing an additional 7,963 shares during the period. Prospera Financial Services Inc owned 0.15% of Franklin Income Focus ETF worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of INCM. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF in the first quarter valued at about $53,000. Capital Analysts LLC purchased a new position in shares of Franklin Income Focus ETF during the first quarter worth about $120,000. Jacobi Capital Management LLC acquired a new position in Franklin Income Focus ETF in the 1st quarter valued at about $202,000. Atria Wealth Solutions Inc. purchased a new stake in Franklin Income Focus ETF during the 1st quarter valued at approximately $215,000. Finally, Kennedy Investment Group raised its stake in Franklin Income Focus ETF by 8.5% during the 2nd quarter. Kennedy Investment Group now owns 10,201 shares of the company’s stock valued at $276,000 after acquiring an additional 795 shares during the last quarter.

Franklin Income Focus ETF Trading Up 0.1%

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

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.