LPL Financial LLC Increases Stock Position in Franklin Income Focus ETF (NYSEARCA:INCM)

LPL Financial LLC boosted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 20.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,371,927 shares of the company’s stock after acquiring an additional 237,594 shares during the quarter. LPL Financial LLC owned 15.86% of Franklin Income Focus ETF worth $35,807,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in INCM. GPS Wealth Strategies Group LLC lifted its holdings in shares of Franklin Income Focus ETF by 41.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,157 shares of the company’s stock valued at $82,000 after purchasing an additional 920 shares in the last quarter. Principal Securities Inc. lifted its stake in Franklin Income Focus ETF by 24.9% during the 4th quarter. Principal Securities Inc. now owns 5,340 shares of the company’s stock valued at $139,000 after acquiring an additional 1,065 shares during the period. Stifel Financial Corp boosted its holdings in shares of Franklin Income Focus ETF by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 159,474 shares of the company’s stock valued at $4,334,000 after acquiring an additional 1,072 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of Franklin Income Focus ETF by 7.6% in the fourth quarter. Perigon Wealth Management LLC now owns 16,025 shares of the company’s stock worth $424,000 after acquiring an additional 1,135 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Franklin Income Focus ETF by 13.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,860 shares of the company’s stock valued at $257,000 after purchasing an additional 1,175 shares during the last quarter.

Franklin Income Focus ETF Trading Down 0.6 %

Shares of INCM stock opened at $26.68 on Friday. The stock has a market capitalization of $532.27 million, a P/E ratio of 20.01 and a beta of 0.40. The firm’s 50 day moving average is $26.77 and its 200 day moving average is $26.80. Franklin Income Focus ETF has a 12-month low of $25.13 and a 12-month high of $27.65.

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.