SFG Wealth Management LLC. Trims Stock Position in Franklin Income Focus ETF (NYSEARCA:INCM)

SFG Wealth Management LLC. trimmed its holdings in Franklin Income Focus ETF (NYSEARCA:INCM) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 23,012 shares of the company’s stock after selling 582 shares during the period. SFG Wealth Management LLC. owned approximately 0.27% of Franklin Income Focus ETF worth $625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Summit Investment Advisory Services LLC purchased a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth $2,037,000. Raymond James Financial Services Advisors Inc. lifted its position in Franklin Income Focus ETF by 13.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 577,908 shares of the company’s stock valued at $14,946,000 after buying an additional 70,645 shares during the last quarter. Raymond James & Associates boosted its stake in Franklin Income Focus ETF by 18.1% during the third quarter. Raymond James & Associates now owns 250,509 shares of the company’s stock worth $6,809,000 after buying an additional 38,395 shares during the period. Next Level Private LLC increased its position in shares of Franklin Income Focus ETF by 12.3% during the third quarter. Next Level Private LLC now owns 224,700 shares of the company’s stock valued at $6,107,000 after acquiring an additional 24,621 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Franklin Income Focus ETF by 42.8% in the 2nd quarter. Cetera Investment Advisers now owns 76,129 shares of the company’s stock valued at $1,969,000 after acquiring an additional 22,828 shares during the period.

Franklin Income Focus ETF Stock Performance

Shares of NYSEARCA:INCM traded up $0.06 during mid-day trading on Friday, reaching $27.00. 32,245 shares of the company were exchanged, compared to its average volume of 84,367. Franklin Income Focus ETF has a 1 year low of $23.90 and a 1 year high of $27.65. The firm’s 50-day simple moving average is $27.02 and its 200 day simple moving average is $26.42.

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.