GPS Wealth Strategies Group LLC Raises Stock Position in Franklin Income Focus ETF (NYSEARCA:INCM)

GPS Wealth Strategies Group LLC lifted its holdings in shares of Franklin Income Focus ETF (NYSEARCA:INCM) by 41.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,157 shares of the company’s stock after purchasing an additional 920 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Franklin Income Focus ETF were worth $82,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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. Next Level Private LLC boosted its holdings 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 period. Summit Investment Advisory Services LLC bought a new position in Franklin Income Focus ETF in the 3rd quarter worth approximately $2,037,000. Raymond James & Associates increased its stake in Franklin Income Focus ETF by 18.1% during the 3rd quarter. Raymond James & Associates now owns 250,509 shares of the company’s stock valued at $6,809,000 after buying an additional 38,395 shares during the period. Finally, Kennedy Investment Group bought a new stake in shares of Franklin Income Focus ETF in the 3rd quarter worth $224,000.

Franklin Income Focus ETF Stock Up 0.0 %

Shares of NYSEARCA INCM opened at $26.56 on Tuesday. The business has a fifty day simple moving average of $26.57 and a 200-day simple moving average of $26.74. Franklin Income Focus ETF has a 12 month low of $25.13 and a 12 month high of $27.65.

Franklin Income Focus ETF Cuts Dividend

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