Franklin Income Focus ETF $INCM Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 84.6% in the first quarter, HoldingsChannel reports. The firm owned 121,730 shares of the company’s stock after acquiring an additional 55,793 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Franklin Income Focus ETF were worth $3,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in Franklin Income Focus ETF by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after purchasing an additional 442 shares during the period. Sanctuary Advisors LLC raised its position in Franklin Income Focus ETF by 0.9% in the 4th quarter. Sanctuary Advisors LLC now owns 50,639 shares of the company’s stock valued at $1,420,000 after purchasing an additional 472 shares in the last quarter. Lido Advisors LLC boosted its stake in shares of Franklin Income Focus ETF by 0.5% in the 3rd quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock valued at $3,880,000 after buying an additional 687 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of Franklin Income Focus ETF by 5.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 20,906 shares of the company’s stock valued at $586,000 after buying an additional 1,103 shares during the period. Finally, Assetmark Inc. purchased a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at about $35,000.

Franklin Income Focus ETF Price Performance

Shares of Franklin Income Focus ETF stock traded up $0.07 on Tuesday, reaching $29.29. 24,450 shares of the company were exchanged, compared to its average volume of 347,712. The stock’s 50 day moving average price is $29.21 and its 200-day moving average price is $28.99. Franklin Income Focus ETF has a 1-year low of $26.95 and a 1-year high of $29.57. The company has a market cap of $1.64 billion, a P/E ratio of -49,897.79 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.