Raymond James Financial Services Advisors Inc. Has $13.23 Million Stake in Franklin Income Focus ETF (NYSEARCA:INCM)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 82.1% in the first quarter, HoldingsChannel reports. The firm owned 507,263 shares of the company’s stock after acquiring an additional 228,775 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of Franklin Income Focus ETF worth $13,229,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC acquired a new stake in shares of Franklin Income Focus ETF in the 4th quarter valued at $225,000. Janney Montgomery Scott LLC acquired a new stake in shares of Franklin Income Focus ETF in the 3rd quarter valued at $221,000. LexAurum Advisors LLC increased its stake in shares of Franklin Income Focus ETF by 36.6% in the 4th quarter. LexAurum Advisors LLC now owns 52,500 shares of the company’s stock valued at $1,349,000 after buying an additional 14,075 shares during the period. Private Trust Co. NA acquired a new stake in shares of Franklin Income Focus ETF in the 4th quarter valued at $388,000. Finally, Raymond James & Associates acquired a new stake in shares of Franklin Income Focus ETF in the 3rd quarter valued at $401,000.

Franklin Income Focus ETF Stock Up 0.4 %

Shares of NYSEARCA INCM traded up $0.09 during midday trading on Friday, hitting $25.59. The stock had a trading volume of 68,530 shares, compared to its average volume of 76,117. The company’s 50-day simple moving average is $25.63 and its 200 day simple moving average is $25.26. Franklin Income Focus ETF has a fifty-two week low of $23.36 and a fifty-two week high of $26.38.

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.