Franklin Income Focus ETF $INCM Stock Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 23.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,215 shares of the company’s stock after purchasing an additional 33,021 shares during the period. Kestra Advisory Services LLC owned 0.25% of Franklin Income Focus ETF worth $4,894,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sowell Financial Services LLC bought a new stake in shares of Franklin Income Focus ETF in the third quarter worth about $12,397,000. Commonwealth Equity Services LLC purchased a new stake in Franklin Income Focus ETF during the third quarter valued at $8,969,000. Royal Bank of Canada lifted its position in 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 purchasing an additional 223,466 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Franklin Income Focus ETF in the 3rd quarter worth about $4,882,000. Finally, Richards Merrill & Peterson Inc. purchased a new position in Franklin Income Focus ETF in the third quarter worth about $3,951,000.

Franklin Income Focus ETF Price Performance

NYSEARCA:INCM opened at $28.97 on Friday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -49,352.64 and a beta of 0.40. The business has a 50 day simple moving average of $29.00 and a 200-day simple moving average of $29.15. Franklin Income Focus ETF has a 1 year low of $27.57 and a 1 year high of $29.95.

About Franklin Income Focus ETF

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.