Next Level Private LLC Makes New $4.21 Million Investment in Franklin Income Focus ETF (NYSEARCA:INCM)

Next Level Private LLC acquired a new position in shares of Franklin Income Focus ETF (NYSEARCA:INCM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 163,869 shares of the company’s stock, valued at approximately $4,211,000. Franklin Income Focus ETF accounts for approximately 2.4% of Next Level Private LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barrett & Company Inc. acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth $36,000. Janney Montgomery Scott LLC acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth $221,000. Stifel Financial Corp acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth $345,000. Raymond James & Associates acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth $401,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth $762,000.

Franklin Income Focus ETF Price Performance

Franklin Income Focus ETF stock opened at $26.07 on Thursday. Franklin Income Focus ETF has a 52 week low of $23.36 and a 52 week high of $26.38. The stock has a fifty day moving average of $25.67 and a 200-day moving average of $25.03.

Franklin Income Focus ETF Company 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.