Kennedy Investment Group Buys 44,792 Shares of Franklin Income Focus ETF $INCM

Kennedy Investment Group raised its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 355.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,390 shares of the company’s stock after purchasing an additional 44,792 shares during the period. Kennedy Investment Group’s holdings in Franklin Income Focus ETF were worth $1,609,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Assetmark Inc. purchased a new position in shares of Franklin Income Focus ETF in the 4th quarter worth $35,000. Comerica Bank bought a new position in shares of Franklin Income Focus ETF during the first quarter valued at approximately $53,000. International Assets Investment Management LLC bought a new stake in Franklin Income Focus ETF during the 4th quarter valued at about $90,000. Nations Financial Group Inc. IA ADV bought a new position in Franklin Income Focus ETF in the 3rd quarter worth about $214,000. Finally, Oppenheimer & Co. Inc. bought a new position in Franklin Income Focus ETF in the third quarter worth approximately $242,000.

Franklin Income Focus ETF Trading Down 0.3%

Shares of Franklin Income Focus ETF stock opened at $29.08 on Wednesday. The stock’s fifty day moving average price is $29.03 and its 200-day moving average price is $28.66. Franklin Income Focus ETF has a 12 month low of $26.25 and a 12 month high of $29.57. The firm has a market cap of $1.45 billion, a P/E ratio of -49,540.03 and a beta of 0.41.

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.