Gateway Wealth Partners LLC lifted its stake in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 258.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,624 shares of the company’s stock after buying an additional 89,131 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.25% of Franklin Income Focus ETF worth $3,554,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of INCM. Assetmark Inc. purchased a new position in Franklin Income Focus ETF during the fourth quarter valued at $35,000. Comerica Bank purchased a new stake in Franklin Income Focus ETF in the 1st quarter worth $53,000. Geneos Wealth Management Inc. purchased a new stake in Franklin Income Focus ETF in the 1st quarter worth $62,000. International Assets Investment Management LLC bought a new position in shares of Franklin Income Focus ETF during the 4th quarter valued at about $90,000. Finally, Fifth Third Bancorp bought a new position in shares of Franklin Income Focus ETF during the 1st quarter valued at about $144,000.
Franklin Income Focus ETF Trading Up 0.1%
Shares of INCM stock opened at $29.09 on Tuesday. Franklin Income Focus ETF has a 12-month low of $26.95 and a 12-month high of $29.57. The stock’s 50-day moving average price is $29.17 and its 200-day moving average price is $29.09. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -49,557.07 and a beta of 0.41.
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.
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