Commonwealth Equity Services LLC Grows Stock Holdings in Franklin Income Focus ETF (NYSEARCA:INCM)

Posted by MarketBeat News on Sep 11th, 2024

Commonwealth Equity Services LLC grew its position in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 120,533 shares of the company’s stock after buying an additional 688 shares during the period. Commonwealth Equity Services LLC owned 1.39% of Franklin Income Focus ETF worth $3,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INCM. Ameritas Advisory Services LLC acquired a new position in Franklin Income Focus ETF during the 2nd quarter valued at about $202,000. Calton & Associates Inc. purchased a new position in shares of Franklin Income Focus ETF in the second quarter worth $224,000. HBW Advisory Services LLC purchased a new position in Franklin Income Focus ETF in the 2nd quarter worth $229,000. Financial Advocates Investment Management acquired a new stake in Franklin Income Focus ETF during the 2nd quarter worth about $244,000. Finally, Raymond James Trust N.A. purchased a new stake in Franklin Income Focus ETF during the 2nd quarter valued at about $263,000.

Franklin Income Focus ETF Price Performance

Shares of INCM stock opened at $26.93 on Wednesday. The stock’s 50-day simple moving average is $26.51 and its 200-day simple moving average is $26.02. Franklin Income Focus ETF has a fifty-two week low of $23.36 and a fifty-two week high of $27.65.

Franklin Income Focus ETF Cuts Dividend

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The firm also recently disclosed a dividend, which was paid on Monday, August 5th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.111 per share. The ex-dividend date was Wednesday, July 31st.

About Franklin Income Focus ETF

(Free Report)

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.