Citadel Advisors LLC Boosts Position in Franklin Income Focus ETF $INCM

Citadel Advisors LLC raised its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 108.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,856 shares of the company’s stock after purchasing an additional 22,266 shares during the period. Citadel Advisors LLC’s holdings in Franklin Income Focus ETF were worth $1,237,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of INCM. Assetmark Inc. increased its position in shares of Franklin Income Focus ETF by 43.0% in the first quarter. Assetmark Inc. now owns 1,797 shares of the company’s stock valued at $52,000 after buying an additional 540 shares in the last quarter. Comerica Bank acquired a new position in shares of Franklin Income Focus ETF during the 1st quarter worth $53,000. Geneos Wealth Management Inc. purchased a new stake in shares of Franklin Income Focus ETF in the 1st quarter worth about $62,000. International Assets Investment Management LLC purchased a new stake in shares of Franklin Income Focus ETF in the 4th quarter worth about $90,000. Finally, Western Wealth Management LLC acquired a new stake in Franklin Income Focus ETF in the 1st quarter valued at about $120,000.

Franklin Income Focus ETF Trading Down 0.5%

Shares of NYSEARCA INCM opened at $29.19 on Friday. The company’s 50-day moving average price is $29.33 and its 200 day moving average price is $29.20. Franklin Income Focus ETF has a 52 week low of $27.40 and a 52 week high of $29.95. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of -49,727.43 and a beta of 0.40.

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.