HBW Advisory Services LLC Purchases 34,498 Shares of Franklin Income Focus ETF $INCM

HBW Advisory Services LLC lifted its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 303.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,853 shares of the company’s stock after purchasing an additional 34,498 shares during the period. HBW Advisory Services LLC owned 0.09% of Franklin Income Focus ETF worth $1,318,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of INCM. LPL Financial LLC raised its stake in Franklin Income Focus ETF by 40.2% in the fourth quarter. LPL Financial LLC now owns 3,821,161 shares of the company’s stock worth $107,145,000 after buying an additional 1,096,264 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Franklin Income Focus ETF by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,966,825 shares of the company’s stock worth $55,150,000 after buying an additional 377,352 shares during the period. Raymond James Financial Inc. boosted its position in Franklin Income Focus ETF by 15.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock valued at $54,148,000 after acquiring an additional 258,689 shares in the last quarter. Royal Bank of Canada boosted its position in Franklin Income Focus ETF by 35.2% during the 4th quarter. Royal Bank of Canada now owns 1,334,830 shares of the company’s stock valued at $37,428,000 after acquiring an additional 347,817 shares in the last quarter. Finally, Summit Investment Advisory Services LLC boosted its position in Franklin Income Focus ETF by 3.0% during the 4th quarter. Summit Investment Advisory Services LLC now owns 1,000,830 shares of the company’s stock valued at $28,063,000 after acquiring an additional 29,408 shares in the last quarter.

Franklin Income Focus ETF Stock Performance

INCM stock opened at $29.02 on Wednesday. Franklin Income Focus ETF has a fifty-two week low of $26.95 and a fifty-two week high of $29.57. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -49,437.82 and a beta of 0.41. The business’s 50 day moving average price is $29.19 and its two-hundred day moving average price is $29.03.

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.