Steward Partners Investment Advisory LLC Has $3.53 Million Holdings in Franklin Income Focus ETF $INCM

Steward Partners Investment Advisory LLC raised its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 15.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,598 shares of the company’s stock after acquiring an additional 17,180 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Franklin Income Focus ETF were worth $3,533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INCM. Avantax Advisory Services Inc. acquired a new stake in shares of Franklin Income Focus ETF during the 1st quarter worth approximately $744,000. Cetera Investment Advisers lifted its stake in Franklin Income Focus ETF by 21.1% in the 1st quarter. Cetera Investment Advisers now owns 318,184 shares of the company’s stock valued at $8,473,000 after purchasing an additional 55,482 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Franklin Income Focus ETF by 24.3% in the 1st quarter. LPL Financial LLC now owns 1,705,333 shares of the company’s stock valued at $45,413,000 after acquiring an additional 333,406 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Franklin Income Focus ETF during the first quarter valued at about $1,631,000. Finally, Harbour Investments Inc. boosted its position in Franklin Income Focus ETF by 5.6% during the 1st quarter. Harbour Investments Inc. now owns 10,791 shares of the company’s stock worth $287,000 after buying an additional 569 shares during the period.

Franklin Income Focus ETF Stock Up 0.4%

NYSEARCA INCM opened at $28.07 on Friday. The company has a market capitalization of $948.77 million, a price-to-earnings ratio of -47,819.42 and a beta of 0.49. Franklin Income Focus ETF has a twelve month low of $24.62 and a twelve month high of $28.22. The stock has a fifty day simple moving average of $27.77 and a 200 day simple moving average of $27.35.

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.