Richards Merrill & Peterson Inc. Boosts Stake in Franklin Income Focus ETF $INCM

Richards Merrill & Peterson Inc. grew its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 65.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,510 shares of the company’s stock after acquiring an additional 20,735 shares during the period. Richards Merrill & Peterson Inc. owned about 0.13% of Franklin Income Focus ETF worth $1,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INCM. Assetmark Inc. purchased a new position in Franklin Income Focus ETF in the fourth quarter valued at about $35,000. Comerica Bank acquired a new stake in Franklin Income Focus ETF during the 1st quarter valued at approximately $53,000. Nations Financial Group Inc. IA ADV purchased a new stake in Franklin Income Focus ETF during the 3rd quarter worth approximately $214,000. Oppenheimer & Co. Inc. purchased a new stake in Franklin Income Focus ETF during the 3rd quarter worth approximately $242,000. Finally, C2C Wealth Management LLC acquired a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at approximately $252,000.

Franklin Income Focus ETF Trading Down 0.0%

Franklin Income Focus ETF stock opened at $29.32 on Tuesday. The stock has a market cap of $1.42 billion, a P/E ratio of -49,948.89 and a beta of 0.46. The stock has a 50 day moving average of $29.10 and a 200-day moving average of $28.48. Franklin Income Focus ETF has a 52 week low of $25.21 and a 52 week high of $29.57.

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.