Raymond James Financial Services Advisors Inc. Raises Holdings in Franklin Income Focus ETF (NYSEARCA:INCM)

Raymond James Financial Services Advisors Inc. increased its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 82.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,263 shares of the company’s stock after purchasing an additional 228,775 shares during the period. Raymond James Financial Services Advisors Inc. owned 7.46% of Franklin Income Focus ETF worth $13,229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC acquired a new stake in Franklin Income Focus ETF in the 4th quarter worth about $225,000. Janney Montgomery Scott LLC purchased a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth about $221,000. LexAurum Advisors LLC lifted its holdings in shares of Franklin Income Focus ETF by 36.6% during the 4th quarter. LexAurum Advisors LLC now owns 52,500 shares of the company’s stock worth $1,349,000 after acquiring an additional 14,075 shares during the period. Private Trust Co. NA purchased a new position in shares of Franklin Income Focus ETF during the 4th quarter worth about $388,000. Finally, Raymond James & Associates purchased a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth about $401,000.

Franklin Income Focus ETF Stock Up 0.4 %

INCM traded up $0.09 on Friday, reaching $25.59. 68,530 shares of the company’s stock were exchanged, compared to its average volume of 76,117. The company’s 50 day moving average is $25.63 and its 200-day moving average is $25.26. Franklin Income Focus ETF has a twelve month low of $23.36 and a twelve month high of $26.38.

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.