Kennedy Investment Group Acquires 44,792 Shares of Franklin Income Focus ETF $INCM

Kennedy Investment Group increased its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 355.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,390 shares of the company’s stock after acquiring an additional 44,792 shares during the quarter. Kennedy Investment Group owned about 0.14% of Franklin Income Focus ETF worth $1,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of INCM. Assetmark Inc. purchased a new stake in shares of Franklin Income Focus ETF in the 4th quarter worth about $35,000. Comerica Bank purchased a new stake in Franklin Income Focus ETF during the 1st quarter valued at $53,000. International Assets Investment Management LLC purchased a new stake in Franklin Income Focus ETF during the fourth quarter valued at $90,000. Nations Financial Group Inc. IA ADV purchased a new stake in shares of Franklin Income Focus ETF during the 3rd quarter valued at about $214,000. Finally, Oppenheimer & Co. Inc. bought a new position in Franklin Income Focus ETF in the third quarter worth approximately $242,000.

Franklin Income Focus ETF Stock Performance

NYSEARCA INCM opened at $29.08 on Wednesday. Franklin Income Focus ETF has a fifty-two week low of $26.25 and a fifty-two week high of $29.57. The company has a market capitalization of $1.45 billion, a PE ratio of -49,540.03 and a beta of 0.41. The business’s fifty day moving average is $29.03 and its 200 day moving average is $28.66.

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.