Raymond James & Associates Buys 38,395 Shares of Franklin Income Focus ETF (NYSEARCA:INCM)

Raymond James & Associates lifted its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 18.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 250,509 shares of the company’s stock after buying an additional 38,395 shares during the quarter. Raymond James & Associates’ holdings in Franklin Income Focus ETF were worth $6,809,000 at the end of the most recent reporting period.

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

Franklin Income Focus ETF Trading Down 0.1 %

INCM opened at $26.89 on Thursday. The stock has a 50-day moving average of $27.04 and a 200 day moving average of $26.36. Franklin Income Focus ETF has a 12 month low of $23.39 and a 12 month high of $27.65.

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.