Franklin Income Focus ETF (NYSEARCA:INCM) Shares Purchased by Next Level Private LLC

Next Level Private LLC boosted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 12.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 224,700 shares of the company’s stock after buying an additional 24,621 shares during the quarter. Franklin Income Focus ETF accounts for 2.5% of Next Level Private LLC’s holdings, making the stock its 11th largest position. Next Level Private LLC’s holdings in Franklin Income Focus ETF were worth $6,107,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Franklin Income Focus ETF by 2.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 797,625 shares of the company’s stock worth $20,802,000 after purchasing an additional 21,958 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Franklin Income Focus ETF by 13.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 577,908 shares of the company’s stock worth $14,946,000 after purchasing an additional 70,645 shares in the last quarter. Raymond James & Associates grew its position in Franklin Income Focus ETF by 17.6% during the 2nd quarter. Raymond James & Associates now owns 212,114 shares of the company’s stock worth $5,486,000 after purchasing an additional 31,760 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Franklin Income Focus ETF by 0.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 120,533 shares of the company’s stock worth $3,117,000 after purchasing an additional 688 shares in the last quarter. Finally, Atria Investments Inc grew its position in Franklin Income Focus ETF by 23.3% during the 1st quarter. Atria Investments Inc now owns 108,133 shares of the company’s stock worth $2,820,000 after purchasing an additional 20,423 shares in the last quarter.

Franklin Income Focus ETF Price Performance

Shares of NYSEARCA:INCM opened at $27.14 on Friday. The firm has a fifty day moving average of $26.87 and a two-hundred day moving average of $26.23. Franklin Income Focus ETF has a 12-month low of $23.36 and a 12-month high of $27.65.

Franklin Income Focus ETF Cuts Dividend

The business also recently announced 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 of this dividend was Wednesday, July 31st.

About Franklin Income Focus ETF

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.