Larson Financial Group LLC Has $18.38 Million Stock Position in Franklin Income Focus ETF $INCM

Larson Financial Group LLC boosted its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 655,490 shares of the company’s stock after purchasing an additional 104,695 shares during the period. Larson Financial Group LLC owned 1.56% of Franklin Income Focus ETF worth $18,380,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in Franklin Income Focus ETF by 15.3% during the third quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after purchasing an additional 258,689 shares during the last quarter. Summit Investment Advisory Services LLC boosted its position in Franklin Income Focus ETF by 3.0% during the fourth quarter. Summit Investment Advisory Services LLC now owns 1,000,830 shares of the company’s stock valued at $28,063,000 after purchasing an additional 29,408 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Franklin Income Focus ETF by 32.7% during the third quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock valued at $25,203,000 after purchasing an additional 223,654 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Franklin Income Focus ETF by 32.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 718,490 shares of the company’s stock valued at $20,369,000 after purchasing an additional 177,205 shares during the last quarter. Finally, Base Wealth Management LLC lifted its position in shares of Franklin Income Focus ETF by 12.7% in the fourth quarter. Base Wealth Management LLC now owns 341,939 shares of the company’s stock worth $9,588,000 after buying an additional 38,554 shares during the last quarter.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA:INCM opened at $29.17 on Tuesday. Franklin Income Focus ETF has a fifty-two week low of $26.25 and a fifty-two week high of $29.57. The business has a 50-day moving average of $29.03 and a two-hundred day moving average of $28.66. The stock has a market capitalization of $1.45 billion, a P/E ratio of -49,693.36 and a beta of 0.41.

Franklin Income Focus ETF Company 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.