Sigma Planning Corp Purchases 20,175 Shares of Franklin Income Focus ETF $INCM

Sigma Planning Corp acquired a new stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,175 shares of the company’s stock, valued at approximately $574,000.

Other hedge funds also recently added to or reduced their stakes in the company. Barrett & Company Inc. bought a new stake in shares of Franklin Income Focus ETF in the 3rd quarter worth about $43,000. Assetmark Inc. raised its stake in shares of Franklin Income Focus ETF by 43.0% in the 1st quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after purchasing an additional 540 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Franklin Income Focus ETF during the first quarter worth about $62,000. Wellington Altus USA Inc. lifted its position in shares of Franklin Income Focus ETF by 17.1% during the second quarter. Wellington Altus USA Inc. now owns 2,398 shares of the company’s stock worth $69,000 after purchasing an additional 350 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Franklin Income Focus ETF during the first quarter worth about $120,000.

Franklin Income Focus ETF Stock Performance

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

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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.