Wealth Enhancement Advisory Services LLC Acquires 40,412 Shares of Franklin Income Focus ETF $INCM

Wealth Enhancement Advisory Services LLC raised its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 8.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 541,285 shares of the company’s stock after buying an additional 40,412 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 1.63% of Franklin Income Focus ETF worth $15,069,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sowell Financial Services LLC grew its stake in shares of Franklin Income Focus ETF by 5.9% in the third quarter. Sowell Financial Services LLC now owns 436,196 shares of the company’s stock worth $12,100,000 after acquiring an additional 24,153 shares during the last quarter. Pinnacle Financial Group LLC IL raised its stake in Franklin Income Focus ETF by 206.7% during the 2nd quarter. Pinnacle Financial Group LLC IL now owns 61,112 shares of the company’s stock valued at $1,653,000 after purchasing an additional 41,188 shares during the last quarter. Lido Advisors LLC boosted its holdings in Franklin Income Focus ETF by 343.3% in the 2nd quarter. Lido Advisors LLC now owns 138,618 shares of the company’s stock valued at $3,764,000 after purchasing an additional 107,347 shares during the period. Next Level Private LLC grew its position in Franklin Income Focus ETF by 9.2% in the 3rd quarter. Next Level Private LLC now owns 280,106 shares of the company’s stock worth $7,798,000 after purchasing an additional 23,672 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Franklin Income Focus ETF by 367.4% during the 2nd quarter. CWM LLC now owns 62,340 shares of the company’s stock worth $1,686,000 after purchasing an additional 49,003 shares during the period.

Franklin Income Focus ETF Stock Performance

Shares of INCM opened at $28.79 on Friday. The company has a 50-day simple moving average of $28.15 and a 200-day simple moving average of $27.77. Franklin Income Focus ETF has a 52 week low of $24.62 and a 52 week high of $28.81. The firm has a market capitalization of $1.16 billion, a P/E ratio of -49,046.00 and a beta of 0.49.

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