Verus Capital Partners LLC Makes New Investment in Franklin Income Focus ETF (NYSEARCA:INCM)

Verus Capital Partners LLC bought a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,601 shares of the company’s stock, valued at approximately $224,000. Verus Capital Partners LLC owned approximately 0.10% of Franklin Income Focus ETF at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its position in shares of Franklin Income Focus ETF by 41.1% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,157 shares of the company’s stock valued at $82,000 after buying an additional 920 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Franklin Income Focus ETF by 24.9% during the fourth quarter. Principal Securities Inc. now owns 5,340 shares of the company’s stock valued at $139,000 after buying an additional 1,065 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Franklin Income Focus ETF by 0.7% during the third quarter. Stifel Financial Corp now owns 159,474 shares of the company’s stock valued at $4,334,000 after buying an additional 1,072 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Franklin Income Focus ETF by 7.6% during the fourth quarter. Perigon Wealth Management LLC now owns 16,025 shares of the company’s stock valued at $424,000 after buying an additional 1,135 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Franklin Income Focus ETF by 13.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 9,860 shares of the company’s stock valued at $257,000 after buying an additional 1,175 shares during the last quarter.

Franklin Income Focus ETF Stock Performance

INCM stock opened at $27.07 on Friday. The firm has a 50-day simple moving average of $26.57 and a two-hundred day simple moving average of $26.81. Franklin Income Focus ETF has a one year low of $25.13 and a one year high of $27.65. The firm has a market cap of $518.39 million, a price-to-earnings ratio of 20.11 and a beta of 0.40.

Franklin Income Focus ETF Cuts Dividend

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

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.