Sowell Financial Services LLC Acquires New Holdings in Franklin Income Focus ETF $INCM

Sowell Financial Services LLC acquired a new stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the third quarter, Holdings Channel.com reports. The fund acquired 435,583 shares of the company’s stock, valued at approximately $12,397,000.

A number of other hedge funds also recently made changes to their positions in the company. Citadel Advisors LLC lifted its holdings in Franklin Income Focus ETF by 108.1% in the 2nd quarter. Citadel Advisors LLC now owns 42,856 shares of the company’s stock worth $1,237,000 after buying an additional 22,266 shares in the last quarter. World Investment Advisors purchased a new position in Franklin Income Focus ETF in the 4th quarter valued at about $517,000. Janney Montgomery Scott LLC boosted its position in Franklin Income Focus ETF by 84.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 121,730 shares of the company’s stock valued at $3,500,000 after buying an additional 55,793 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Franklin Income Focus ETF by 16.7% during the first quarter. Royal Bank of Canada now owns 1,558,296 shares of the company’s stock valued at $44,801,000 after acquiring an additional 223,466 shares in the last quarter. Finally, Next Level Private LLC grew its stake in shares of Franklin Income Focus ETF by 27.4% during the first quarter. Next Level Private LLC now owns 395,468 shares of the company’s stock valued at $11,370,000 after acquiring an additional 84,939 shares in the last quarter.

Franklin Income Focus ETF Stock Performance

Shares of NYSEARCA INCM opened at $29.00 on Wednesday. Franklin Income Focus ETF has a 1 year low of $27.40 and a 1 year high of $29.95. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -49,403.75 and a beta of 0.41. The stock’s 50-day simple moving average is $29.14 and its 200-day simple moving average is $29.17.

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.