Franklin Income Focus ETF (NYSEARCA:INCM) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 42.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,990 shares of the company’s stock after buying an additional 5,954 shares during the period. Private Advisor Group LLC owned about 0.23% of Franklin Income Focus ETF worth $522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Advocates Investment Management raised its holdings in shares of Franklin Income Focus ETF by 34.9% in the 3rd quarter. Financial Advocates Investment Management now owns 12,745 shares of the company’s stock worth $346,000 after purchasing an additional 3,295 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Franklin Income Focus ETF by 273.4% in the 3rd quarter. Harbour Investments Inc. now owns 8,121 shares of the company’s stock worth $221,000 after purchasing an additional 5,946 shares in the last quarter. Savvy Advisors Inc. bought a new stake in shares of Franklin Income Focus ETF in the 3rd quarter worth approximately $231,000. Prospera Financial Services Inc increased its position in shares of Franklin Income Focus ETF by 22.5% in the third quarter. Prospera Financial Services Inc now owns 32,051 shares of the company’s stock worth $871,000 after acquiring an additional 5,883 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of Franklin Income Focus ETF by 20.2% in the third quarter. Raymond James Trust N.A. now owns 12,218 shares of the company’s stock worth $332,000 after acquiring an additional 2,050 shares in the last quarter.

Franklin Income Focus ETF Price Performance

Franklin Income Focus ETF stock opened at $26.98 on Tuesday. The firm’s 50 day simple moving average is $26.58 and its 200-day simple moving average is $26.82. The company has a market cap of $516.67 million, a P/E ratio of 20.11 and a beta of 0.40. Franklin Income Focus ETF has a fifty-two week low of $25.13 and a fifty-two week high of $27.65.

Franklin Income Focus ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 31st were given a $0.1004 dividend. The ex-dividend date was Friday, January 31st.

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.