Sowell Financial Services LLC Purchases 24,153 Shares of Franklin Income Focus ETF $INCM

Sowell Financial Services LLC increased its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 436,196 shares of the company’s stock after buying an additional 24,153 shares during the period. Sowell Financial Services LLC’s holdings in Franklin Income Focus ETF were worth $12,100,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Franklin Income Focus ETF by 1.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock worth $630,000 after acquiring an additional 442 shares during the last quarter. HBW Advisory Services LLC grew its holdings in shares of Franklin Income Focus ETF by 4.1% in the third quarter. HBW Advisory Services LLC now owns 11,456 shares of the company’s stock valued at $318,000 after purchasing an additional 451 shares in the last quarter. Kennedy Investment Group increased its position in Franklin Income Focus ETF by 8.5% in the second quarter. Kennedy Investment Group now owns 10,201 shares of the company’s stock worth $276,000 after purchasing an additional 795 shares during the last quarter. Brookstone Capital Management raised its stake in Franklin Income Focus ETF by 1.4% during the second quarter. Brookstone Capital Management now owns 62,082 shares of the company’s stock valued at $1,679,000 after purchasing an additional 846 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in Franklin Income Focus ETF by 6.9% during the third quarter. Private Trust Co. NA now owns 17,040 shares of the company’s stock valued at $473,000 after purchasing an additional 1,099 shares in the last quarter.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA:INCM opened at $28.27 on Friday. The firm has a fifty day simple moving average of $27.91 and a two-hundred day simple moving average of $27.59. Franklin Income Focus ETF has a 52 week low of $24.62 and a 52 week high of $28.43. The stock has a market capitalization of $955.53 million, a P/E ratio of -48,160.14 and a beta of 0.49.

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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.