Summit Investment Advisory Services LLC Raises Holdings in Franklin Income Focus ETF (NYSEARCA:INCM)

Summit Investment Advisory Services LLC increased its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 13.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 85,389 shares of the company’s stock after purchasing an additional 10,447 shares during the period. Franklin Income Focus ETF accounts for about 1.1% of Summit Investment Advisory Services LLC’s holdings, making the stock its 15th biggest holding. Summit Investment Advisory Services LLC’s holdings in Franklin Income Focus ETF were worth $2,229,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Franklin Income Focus ETF during the third quarter worth approximately $1,039,000. Raymond James & Associates increased its holdings in shares of Franklin Income Focus ETF by 18.1% in the 3rd quarter. Raymond James & Associates now owns 250,509 shares of the company’s stock valued at $6,809,000 after acquiring an additional 38,395 shares during the period. Private Advisor Group LLC purchased a new stake in Franklin Income Focus ETF in the 3rd quarter valued at $382,000. Harbour Investments Inc. boosted its stake in Franklin Income Focus ETF by 273.4% during the 3rd quarter. Harbour Investments Inc. now owns 8,121 shares of the company’s stock worth $221,000 after purchasing an additional 5,946 shares during the period. Finally, Cetera Investment Advisers grew its position in Franklin Income Focus ETF by 42.8% during the 2nd quarter. Cetera Investment Advisers now owns 76,129 shares of the company’s stock worth $1,969,000 after purchasing an additional 22,828 shares during the last quarter.

Franklin Income Focus ETF Price Performance

NYSEARCA:INCM opened at $26.60 on Friday. Franklin Income Focus ETF has a 12-month low of $25.13 and a 12-month high of $27.65. The stock’s 50 day simple moving average is $26.59 and its 200-day simple moving average is $26.73.

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.