Franklin Income Focus ETF $INCM Position Boosted by Base Wealth Management LLC

Base Wealth Management LLC boosted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 11.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 303,385 shares of the company’s stock after purchasing an additional 31,809 shares during the period. Franklin Income Focus ETF makes up 4.8% of Base Wealth Management LLC’s portfolio, making the stock its 8th largest position. Base Wealth Management LLC owned 0.93% of Franklin Income Focus ETF worth $8,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank bought a new stake in shares of Franklin Income Focus ETF in the 1st quarter valued at about $53,000. Jacobi Capital Management LLC bought a new position in Franklin Income Focus ETF during the 1st quarter worth approximately $202,000. PFG Advisors purchased a new position in Franklin Income Focus ETF in the 2nd quarter worth approximately $217,000. WCG Wealth Advisors LLC purchased a new position in Franklin Income Focus ETF in the 2nd quarter worth approximately $270,000. Finally, Kennedy Investment Group lifted 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 valued at $276,000 after purchasing an additional 795 shares during the last quarter.

Franklin Income Focus ETF Stock Performance

NYSEARCA:INCM opened at $28.27 on Tuesday. Franklin Income Focus ETF has a fifty-two week low of $24.62 and a fifty-two week high of $28.43. The firm has a market cap of $955.53 million, a PE ratio of -48,160.14 and a beta of 0.49. The business has a 50 day moving average price of $27.91 and a 200-day moving average price of $27.60.

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.