Base Wealth Management LLC bought a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) in the 2nd quarter, Holdings Channel reports. The fund bought 271,576 shares of the company’s stock, valued at approximately $7,346,000. Franklin Income Focus ETF makes up 4.7% of Base Wealth Management LLC’s holdings, making the stock its 8th biggest position.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Comerica Bank acquired a new position in Franklin Income Focus ETF in the 1st quarter valued at about $53,000. Capital Analysts LLC purchased a new position in shares of Franklin Income Focus ETF in the 1st quarter valued at approximately $120,000. Jacobi Capital Management LLC purchased a new position in shares of Franklin Income Focus ETF in the 1st quarter valued at approximately $202,000. Atria Wealth Solutions Inc. acquired a new position in shares of Franklin Income Focus ETF in the first quarter valued at approximately $215,000. Finally, PFG Advisors purchased a new stake in shares of Franklin Income Focus ETF during the second quarter worth approximately $217,000.
Franklin Income Focus ETF Price Performance
Shares of NYSEARCA INCM opened at $28.05 on Monday. The stock has a fifty day moving average price of $27.83 and a 200 day moving average price of $27.49. Franklin Income Focus ETF has a 1-year low of $24.62 and a 1-year high of $28.22. The company has a market cap of $948.09 million, a PE ratio of -47,785.35 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.
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Want to see what other hedge funds are holding INCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Income Focus ETF (NYSEARCA:INCM – Free Report).
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