DAVENPORT & Co LLC Has $2.09 Million Stock Holdings in Franklin Income Focus ETF (NYSEARCA:INCM)

DAVENPORT & Co LLC grew its position in Franklin Income Focus ETF (NYSEARCA:INCM) by 46.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,193 shares of the company’s stock after buying an additional 25,361 shares during the period. DAVENPORT & Co LLC owned approximately 0.93% of Franklin Income Focus ETF worth $2,093,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Calton & Associates Inc. acquired a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at $278,000. Perigon Wealth Management LLC grew its holdings in shares of Franklin Income Focus ETF by 7.6% in the 4th quarter. Perigon Wealth Management LLC now owns 16,025 shares of the company’s stock valued at $424,000 after buying an additional 1,135 shares during the period. Next Level Private LLC grew its holdings in shares of Franklin Income Focus ETF by 5.9% in the 4th quarter. Next Level Private LLC now owns 237,933 shares of the company’s stock valued at $6,210,000 after buying an additional 13,233 shares during the period. Summit Investment Advisory Services LLC grew its holdings in shares of Franklin Income Focus ETF by 13.9% in the 4th quarter. Summit Investment Advisory Services LLC now owns 85,389 shares of the company’s stock valued at $2,229,000 after buying an additional 10,447 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Franklin Income Focus ETF by 26.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 25,879 shares of the company’s stock valued at $675,000 after acquiring an additional 5,342 shares in the last quarter.

Franklin Income Focus ETF Stock Up 0.1 %

INCM opened at $26.58 on Wednesday. Franklin Income Focus ETF has a 12 month low of $25.13 and a 12 month high of $27.65. The firm’s fifty day simple moving average is $26.55 and its 200 day simple moving average is $26.75.

Franklin Income Focus ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 31st will be given a dividend of $0.1004 per share. The ex-dividend date is Friday, January 31st.

Franklin Income Focus ETF Company 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.