Plus Group Wealth Advisors LLC purchased a new stake in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,895 shares of the company’s stock, valued at approximately $502,000. Franklin Income Focus ETF comprises about 0.6% of Plus Group Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest position.
Several other hedge funds also recently added to or reduced their stakes in INCM. Assetmark Inc. purchased a new position in shares of Franklin Income Focus ETF during the fourth quarter worth approximately $35,000. Comerica Bank purchased a new position in shares of Franklin Income Focus ETF during the first quarter worth approximately $53,000. International Assets Investment Management LLC purchased a new position in shares of Franklin Income Focus ETF during the fourth quarter worth approximately $90,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Franklin Income Focus ETF during the third quarter worth approximately $214,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Franklin Income Focus ETF during the third quarter worth approximately $242,000.
Franklin Income Focus ETF Trading Down 0.5%
Shares of INCM opened at $29.05 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of -49,488.93 and a beta of 0.41. The company’s 50 day simple moving average is $29.03 and its 200-day simple moving average is $28.64. Franklin Income Focus ETF has a 12-month low of $26.25 and a 12-month high of $29.57.
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.
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