138,815 Shares of Franklin Income Focus ETF $INCM Acquired by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. acquired a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 138,815 shares of the company’s stock, valued at approximately $3,951,000. Franklin Income Focus ETF comprises about 1.2% of Richards Merrill & Peterson Inc.’s portfolio, making the stock its 21st biggest position. Richards Merrill & Peterson Inc. owned about 0.21% of Franklin Income Focus ETF as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. AlphaStar Capital Management LLC bought a new stake in shares of Franklin Income Focus ETF in the 3rd quarter valued at approximately $343,000. HBW Advisory Services LLC raised its holdings in Franklin Income Focus ETF by 2.2% during the 3rd quarter. HBW Advisory Services LLC now owns 52,797 shares of the company’s stock valued at $1,503,000 after buying an additional 1,113 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Franklin Income Focus ETF in the third quarter worth $186,000. B. Riley Wealth Advisors Inc. bought a new stake in Franklin Income Focus ETF in the third quarter worth $213,000. Finally, Williams & Novak Wealth Management LLC purchased a new position in Franklin Income Focus ETF during the third quarter worth $208,000.

Franklin Income Focus ETF Stock Performance

INCM stock traded down $0.08 during mid-day trading on Monday, reaching $28.85. 139,109 shares of the stock traded hands, compared to its average volume of 370,965. Franklin Income Focus ETF has a one year low of $27.40 and a one year high of $29.95. The stock has a market capitalization of $1.93 billion, a PE ratio of -49,122.66 and a beta of 0.41. The business has a 50-day moving average price of $29.16 and a two-hundred day moving average price of $29.16.

Franklin Income Focus ETF 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.