Summit Investment Advisory Services LLC Grows Position in Franklin Income Focus ETF (NYSEARCA:INCM)

Summit Investment Advisory Services LLC grew its stake in Franklin Income Focus ETF (NYSEARCA:INCM) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,389 shares of the company’s stock after buying an additional 10,447 shares during the period. Franklin Income Focus ETF accounts for 1.1% of Summit Investment Advisory Services LLC’s holdings, making the stock its 15th biggest position. Summit Investment Advisory Services LLC owned 0.99% of Franklin Income Focus ETF worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in INCM. Cetera Investment Advisers raised its stake in Franklin Income Focus ETF by 42.8% in the 2nd quarter. Cetera Investment Advisers now owns 76,129 shares of the company’s stock worth $1,969,000 after acquiring an additional 22,828 shares during the last quarter. Next Level Private LLC grew its stake in Franklin Income Focus ETF by 12.3% during the 3rd quarter. Next Level Private LLC now owns 224,700 shares of the company’s stock valued at $6,107,000 after purchasing an additional 24,621 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Franklin Income Focus ETF by 18.1% in the third quarter. Raymond James & Associates now owns 250,509 shares of the company’s stock valued at $6,809,000 after purchasing an additional 38,395 shares during the period. Kennedy Investment Group acquired a new stake in shares of Franklin Income Focus ETF during the third quarter worth about $224,000. Finally, Private Advisor Group LLC acquired a new position in Franklin Income Focus ETF in the 3rd quarter worth approximately $382,000.

Franklin Income Focus ETF Price Performance

INCM opened at $26.60 on Friday. Franklin Income Focus ETF has a 12-month low of $25.13 and a 12-month high of $27.65. The firm has a 50 day moving average of $26.59 and a two-hundred day moving average of $26.73.

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.