Franklin Income Focus ETF $INCM Shares Acquired by Next Level Private LLC

Next Level Private LLC boosted its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 439,360 shares of the company’s stock after purchasing an additional 43,892 shares during the quarter. Franklin Income Focus ETF comprises approximately 2.5% of Next Level Private LLC’s investment portfolio, making the stock its 10th largest position. Next Level Private LLC’s holdings in Franklin Income Focus ETF were worth $12,678,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Assetmark Inc. purchased a new position in Franklin Income Focus ETF in the 4th quarter worth approximately $35,000. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF in the first quarter valued at approximately $53,000. Geneos Wealth Management Inc. acquired a new stake in shares of Franklin Income Focus ETF in the first quarter valued at approximately $62,000. International Assets Investment Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the fourth quarter valued at approximately $90,000. Finally, Western Wealth Management LLC purchased a new position in Franklin Income Focus ETF during the first quarter worth approximately $120,000.

Franklin Income Focus ETF Stock Performance

Shares of Franklin Income Focus ETF stock opened at $29.47 on Monday. The business’s 50 day moving average price is $29.16 and its 200 day moving average price is $29.14. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -50,204.43 and a beta of 0.40. Franklin Income Focus ETF has a one year low of $27.10 and a one year 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.