Raymond James Financial Services Advisors Inc. buys 70,645 shares of Franklin Income Focus ETF (NYSEARCA:INCM)

Raymond James Financial Services Advisors Inc. boosted its holdings in Franklin Income Focus ETF (NYSEARCA:INCM – Free Report) by 13.9% during the second quarter, HoldingsChannel reports. The firm owned 577,908 shares of the company’s stock after acquiring an additional 70,645 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.07% of Franklin Income Focus ETF worth $14,946,000 at the end of the most recent quarter.

Several other institutional investors have recently added to or reduced their stakes in the business. Calton & Associates Inc. bought a new stake in shares of Franklin Income Focus ETF in the second quarter valued at $224,000. HBW Advisory Services LLC acquired a new stake in Franklin Income Focus ETF in the second quarter valued at $229,000. Perigon Wealth Management LLC raised its stake in Franklin Income Focus ETF by 22.8% in the first quarter. Perigon Wealth Management LLC now owns 10,765 shares of the company’s stock valued at $281,000 after buying an additional 2,000 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Franklin Income Focus ETF by 122.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,223 shares of the company’s stock valued at $520,000 after buying an additional 11,123 shares during the period. Finally, SFG Wealth Management LLC. bought a new position in shares of Franklin Income Focus ETF in the first quarter worth approximately $617,000.

Stock ETF Franklin Income Focus rose 0.3%

Shares of Franklin Income Focus ETF stock opened at $26.88 on Thursday. The company has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $25.89. Franklin Income Focus ETF has a one year low of $23.36 and a one year high of $27.65.

Franklin Income Focus ETF is cutting dividends

The company also recently disclosed a dividend, which was paid on Monday, August 5th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.111 per share. The ex-dividend date of this dividend was Wednesday, July 31st.

About Franklin Income Focus ETF

(Free Report)

The Franklin Income Focus ETF (INCM) is an exchange-traded fund that invests mostly in target asset allocation. The fund actively manages a diversified portfolio of equity and debt securities. The Fund seeks to maximize returns over a full market cycle by utilizing income generation strategies and investing opportunistically across asset classes, markets and sectors.

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Want to see what other hedge funds INCM owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Income Focus ETF (NYSEARCA:INCM – Free Report).

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