Pinnacle Financial Group LLC IL Purchases 41,188 Shares of Franklin Income Focus ETF $INCM

Pinnacle Financial Group LLC IL raised its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 206.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,112 shares of the company’s stock after buying an additional 41,188 shares during the quarter. Pinnacle Financial Group LLC IL owned about 0.23% of Franklin Income Focus ETF worth $1,653,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Comerica Bank purchased a new position in Franklin Income Focus ETF during the 1st quarter valued at about $53,000. Capital Analysts LLC bought a new position in shares of Franklin Income Focus ETF during the first quarter valued at approximately $120,000. Jacobi Capital Management LLC bought a new position in shares of Franklin Income Focus ETF during the first quarter valued at approximately $202,000. PFG Advisors purchased a new position in shares of Franklin Income Focus ETF during the second quarter valued at approximately $217,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of Franklin Income Focus ETF during the first quarter valued at approximately $215,000.

Franklin Income Focus ETF Price Performance

Franklin Income Focus ETF stock opened at $27.80 on Monday. Franklin Income Focus ETF has a twelve month low of $24.62 and a twelve month high of $28.22. The company has a market capitalization of $939.64 million, a P/E ratio of -47,359.45 and a beta of 0.49. The stock’s 50 day moving average is $27.75 and its 200 day moving average is $27.27.

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.