Base Wealth Management LLC Sells 22,621 Shares of Franklin Income Focus ETF $INCM

Base Wealth Management LLC lessened its stake in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,318 shares of the company’s stock after selling 22,621 shares during the quarter. Franklin Income Focus ETF comprises 5.1% of Base Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Base Wealth Management LLC owned about 0.64% of Franklin Income Focus ETF worth $9,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in INCM. Assetmark Inc. acquired a new position in Franklin Income Focus ETF during the 4th quarter worth approximately $35,000. Comerica Bank acquired a new stake in Franklin Income Focus ETF in the first quarter valued at approximately $53,000. International Assets Investment Management LLC acquired a new stake in Franklin Income Focus ETF in the fourth quarter valued at approximately $90,000. Titleist Asset Management LLC bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $201,000. Finally, C2C Wealth Management LLC bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $252,000.

Franklin Income Focus ETF Stock Down 0.7%

Shares of NYSEARCA:INCM opened at $29.03 on Thursday. Franklin Income Focus ETF has a twelve month low of $26.95 and a twelve month high of $29.57. The stock’s 50 day moving average is $29.21 and its 200-day moving average is $29.01. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -49,454.86 and a beta of 0.41.

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.