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

Prospera Financial Services Inc reduced its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 46.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,810 shares of the company’s stock after selling 19,643 shares during the period. Prospera Financial Services Inc owned about 0.05% of Franklin Income Focus ETF worth $640,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Base Wealth Management LLC lifted its position in shares of Franklin Income Focus ETF by 12.7% during the 4th quarter. Base Wealth Management LLC now owns 341,939 shares of the company’s stock worth $9,588,000 after purchasing an additional 38,554 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Franklin Income Focus ETF by 65.3% during the 3rd quarter. Larson Financial Group LLC now owns 550,795 shares of the company’s stock worth $15,279,000 after purchasing an additional 217,670 shares during the last quarter. CWM LLC lifted its position in shares of Franklin Income Focus ETF by 55.8% during the 4th quarter. CWM LLC now owns 207,319 shares of the company’s stock worth $5,813,000 after purchasing an additional 74,291 shares during the last quarter. Plus Group Wealth Advisors LLC purchased a new stake in shares of Franklin Income Focus ETF during the 4th quarter worth $502,000. Finally, Secure Asset Management LLC purchased a new stake in shares of Franklin Income Focus ETF during the 4th quarter worth $557,000.

Franklin Income Focus ETF Trading Down 0.1%

Franklin Income Focus ETF stock opened at $29.40 on Friday. The stock has a market cap of $1.46 billion, a P/E ratio of -50,085.18 and a beta of 0.41. The company has a fifty day simple moving average of $29.10 and a 200-day simple moving average of $28.76. Franklin Income Focus ETF has a 12-month low of $26.26 and a 12-month high of $29.57.

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