Franklin Income Focus ETF $INCM Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 26.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,776 shares of the company’s stock after buying an additional 23,176 shares during the period. Kestra Advisory Services LLC owned about 0.22% of Franklin Income Focus ETF worth $3,200,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. purchased a new position in Franklin Income Focus ETF in the 4th quarter valued at approximately $35,000. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF during the first quarter worth $53,000. International Assets Investment Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the fourth quarter valued at $90,000. Titleist Asset Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the fourth quarter valued at $201,000. Finally, C2C Wealth Management LLC purchased a new position in Franklin Income Focus ETF in the fourth quarter valued at $252,000.

Franklin Income Focus ETF Stock Performance

Shares of INCM opened at $29.08 on Friday. Franklin Income Focus ETF has a 1 year low of $26.95 and a 1 year high of $29.57. The stock has a market capitalization of $1.66 billion, a PE ratio of -49,540.03 and a beta of 0.41. The stock has a 50-day simple moving average of $29.18 and a 200-day simple moving average of $29.04.

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.