Sowell Financial Services LLC Has $9.36 Million Holdings in Franklin Income Focus ETF (NYSEARCA:INCM)

Sowell Financial Services LLC boosted its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 48.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 358,631 shares of the company’s stock after buying an additional 117,317 shares during the period. Sowell Financial Services LLC’s holdings in Franklin Income Focus ETF were worth $9,360,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in shares of Franklin Income Focus ETF during the 4th quarter valued at about $29,071,000. Next Level Private LLC grew its holdings in Franklin Income Focus ETF by 5.9% during the fourth quarter. Next Level Private LLC now owns 237,933 shares of the company’s stock valued at $6,210,000 after purchasing an additional 13,233 shares during the last quarter. Stifel Financial Corp raised its position in shares of Franklin Income Focus ETF by 0.7% in the third quarter. Stifel Financial Corp now owns 159,474 shares of the company’s stock valued at $4,334,000 after purchasing an additional 1,072 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of Franklin Income Focus ETF by 59.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 108,103 shares of the company’s stock worth $2,821,000 after buying an additional 40,387 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Franklin Income Focus ETF by 227.1% during the 4th quarter. D.A. Davidson & CO. now owns 86,761 shares of the company’s stock worth $2,264,000 after buying an additional 60,234 shares during the period.

Franklin Income Focus ETF Stock Performance

Shares of NYSEARCA:INCM opened at $26.88 on Friday. The stock’s 50-day moving average is $26.62 and its 200-day moving average is $26.82. The company has a market cap of $514.75 million, a P/E ratio of 20.11 and a beta of 0.40. Franklin Income Focus ETF has a 52-week low of $25.13 and a 52-week high of $27.65.

Franklin Income Focus ETF Cuts Dividend

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

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.