Elequin Capital LP Sells 91,034 Shares of Franklin Income Focus ETF $INCM

Elequin Capital LP lessened its position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 97.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,061 shares of the company’s stock after selling 91,034 shares during the quarter. Elequin Capital LP’s holdings in Franklin Income Focus ETF were worth $57,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Comerica Bank bought a new position in shares of Franklin Income Focus ETF during the 1st quarter valued at approximately $53,000. Jane Street Group LLC increased its position in Franklin Income Focus ETF by 203.7% in the first quarter. Jane Street Group LLC now owns 132,673 shares of the company’s stock worth $3,533,000 after purchasing an additional 88,985 shares during the last quarter. Cetera Investment Advisers increased its position in Franklin Income Focus ETF by 34.6% in the second quarter. Cetera Investment Advisers now owns 428,152 shares of the company’s stock worth $11,582,000 after purchasing an additional 109,968 shares during the last quarter. Pinnacle Financial Group LLC IL raised its stake in Franklin Income Focus ETF by 206.7% during the second 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Franklin Income Focus ETF by 1.9% during the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock valued at $630,000 after purchasing an additional 442 shares during the last quarter.

Franklin Income Focus ETF Stock Down 0.1%

INCM stock opened at $28.83 on Friday. Franklin Income Focus ETF has a 52 week low of $24.62 and a 52 week high of $29.57. The firm has a market capitalization of $1.21 billion, a P/E ratio of -49,114.14 and a beta of 0.49. The company has a fifty day simple moving average of $29.02 and a two-hundred day simple moving average of $28.25.

Franklin Income Focus ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 27th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a positive change from Franklin Income Focus ETF’s previous monthly dividend of $0.12. Franklin Income Focus ETF’s dividend payout ratio is currently -241,908.00%.

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.