Franklin Income Focus ETF
INCM
27 hedge funds and large institutions have $85M invested in Franklin Income Focus ETF in 2023 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 8 increasing their positions, 1 reducing their positions, and 4 closing their positions.
700% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 1
325% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 4
93% more funds holding
Funds holding: 14 → 27 (+13)
10% more capital invested
Capital invested by funds: $77.4M → $85M (+$7.55M)
14.15% less ownership
Funds ownership: 79.62% → 65.47% (-14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$19M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.66M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$6.82M |
| 4 |
LPL Financial
San Diego,
California
|
+$6.17M |
| 5 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$5.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$24.3M |
| 2 |
JP Morgan Chase
New York
|
-$17.1M |
| 3 |
Jane Street
New York
|
-$13.8M |
| 4 |
Barclays
London,
United Kingdom
|
-$13.6M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$2.04M |
INCM Hedge Fund Activity: Q4 2023 in Review
27 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Franklin Income Focus ETF (INCM) for Q4 2023, worth a combined $85M — up 9.8% from $77.4M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new INCM positions and 4 closed out — a net gain of 13 holders — while 8 added to existing stakes and 1 trimmed.
The largest buyer was Wealth Enhancement Advisory Services, opening a new position worth an estimated $19M. The largest seller was Goldman Sachs, exiting entirely with an estimated $24.3M sold.
- 27 institutional investors held Franklin Income Focus ETF (INCM) as of Q4 2023, up from 14 in Q3 2023.
- Funds reported $85M of Franklin Income Focus ETF stock for Q4 2023, up 9.8% quarter-over-quarter.
- 17 funds opened new Franklin Income Focus ETF positions in Q4 2023 and 4 closed out, a net change of +13 holders.
- The largest Franklin Income Focus ETF buyer in Q4 2023 was Wealth Enhancement Advisory Services, an estimated $19M added.
- The largest Franklin Income Focus ETF seller in Q4 2023 was Goldman Sachs, an estimated $24.3M sold.
Based on aggregated 13F filings for Q4 2023.