Spartan Wealth Advisory Services LLC Buys New Stake in Franklin Income Focus ETF $INCM

Spartan Wealth Advisory Services LLC purchased a new position in Franklin Income Focus ETF (NYSEARCA:INCM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 62,450 shares of the company’s stock, valued at approximately $1,795,000. Spartan Wealth Advisory Services LLC owned about 0.13% of Franklin Income Focus ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of INCM. Comerica Bank bought a new position in Franklin Income Focus ETF during the first quarter valued at $53,000. Jane Street Group LLC increased its holdings in shares of Franklin Income Focus ETF by 203.7% in the 1st quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock worth $3,533,000 after buying an additional 88,985 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Franklin Income Focus ETF by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after buying an additional 442 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Franklin Income Focus ETF by 36.9% during the 2nd quarter. NewEdge Advisors LLC now owns 90,344 shares of the company’s stock valued at $2,444,000 after buying an additional 24,366 shares in the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Franklin Income Focus ETF by 14.9% during the 2nd quarter. Raymond James Financial Inc. now owns 1,693,284 shares of the company’s stock valued at $45,803,000 after buying an additional 219,781 shares in the last quarter.

Franklin Income Focus ETF Trading Down 0.2%

Shares of NYSEARCA:INCM opened at $29.08 on Friday. Franklin Income Focus ETF has a 12 month low of $26.95 and a 12 month high of $29.57. The company has a 50-day moving average price of $29.18 and a 200 day moving average price of $29.04. The company has a market cap of $1.66 billion, a price-to-earnings ratio of -49,540.03 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.