Harbour Investments Inc. Boosts Position in Franklin Income Focus ETF (NYSEARCA:INCM)

Harbour Investments Inc. grew its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 25.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,222 shares of the company’s stock after acquiring an additional 2,101 shares during the quarter. Harbour Investments Inc.’s holdings in Franklin Income Focus ETF were worth $267,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. GPS Wealth Strategies Group LLC boosted its position in shares of Franklin Income Focus ETF by 41.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,157 shares of the company’s stock valued at $82,000 after purchasing an additional 920 shares in the last quarter. Principal Securities Inc. boosted its position in shares of Franklin Income Focus ETF by 24.9% during the fourth quarter. Principal Securities Inc. now owns 5,340 shares of the company’s stock valued at $139,000 after purchasing an additional 1,065 shares in the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of Franklin Income Focus ETF during the third quarter valued at approximately $225,000. Verus Capital Partners LLC bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $224,000. Finally, Independent Advisor Alliance bought a new stake in shares of Franklin Income Focus ETF during the fourth quarter valued at approximately $252,000.

Franklin Income Focus ETF Stock Down 0.2 %

NYSEARCA INCM opened at $26.77 on Friday. Franklin Income Focus ETF has a twelve month low of $25.13 and a twelve month high of $27.65. The firm has a market capitalization of $534.06 million, a PE ratio of 20.01 and a beta of 0.40. The stock’s 50 day moving average is $26.72 and its 200 day moving average is $26.80.

Franklin Income Focus ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 31st were given a dividend of $0.1004 per share. The ex-dividend date of this dividend was 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.