Kennedy Investment Group Buys New Position in Franklin Income Focus ETF (NYSEARCA:INCM)

Kennedy Investment Group bought a new stake in Franklin Income Focus ETF (NYSEARCA:INCM) during the third quarter, Holdings Channel.com reports. The fund bought 8,232 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC raised its stake in Franklin Income Focus ETF by 0.6% in the second quarter. Commonwealth Equity Services LLC now owns 120,533 shares of the company’s stock valued at $3,117,000 after purchasing an additional 688 shares in the last quarter. LVZ Inc. raised its stake in Franklin Income Focus ETF by 2.4% in the second quarter. LVZ Inc. now owns 73,369 shares of the company’s stock valued at $1,898,000 after purchasing an additional 1,734 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Franklin Income Focus ETF by 22.8% in the first quarter. Perigon Wealth Management LLC now owns 10,765 shares of the company’s stock valued at $281,000 after purchasing an additional 2,000 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Franklin Income Focus ETF by 16.5% during the first quarter. Janney Montgomery Scott LLC now owns 23,559 shares of the company’s stock valued at $614,000 after acquiring an additional 3,336 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in Franklin Income Focus ETF during the second quarter valued at approximately $202,000.

Franklin Income Focus ETF Stock Down 0.4 %

NYSEARCA INCM traded down $0.12 on Monday, reaching $27.13. 47,899 shares of the company’s stock traded hands, compared to its average volume of 80,035. Franklin Income Focus ETF has a 12 month low of $23.36 and a 12 month high of $27.65. The stock has a 50-day simple moving average of $26.98 and a 200 day simple moving average of $26.29.

Franklin Income Focus ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, August 5th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.111 per share. The ex-dividend date of this dividend was Wednesday, July 31st.

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.