Franklin Income Focus ETF (NYSEARCA:INCM) Hits New 1-Year High – What’s Next?

Shares of Franklin Income Focus ETF (NYSEARCA:INCM) reached a new 52-week high on Thursday . The company traded as high as $28.78 and last traded at $28.67, with a volume of 317496 shares trading hands. The stock had previously closed at $28.54.

Franklin Income Focus ETF Price Performance

The business has a 50 day moving average of $28.04 and a 200 day moving average of $27.72. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -48,841.57 and a beta of 0.49.

Institutional Trading of Franklin Income Focus ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank acquired a new stake in shares of Franklin Income Focus ETF in the 1st quarter valued at approximately $53,000. Nations Financial Group Inc. IA ADV bought a new stake in Franklin Income Focus ETF in the third quarter valued at approximately $214,000. PFG Advisors acquired a new stake in Franklin Income Focus ETF in the second quarter worth $217,000. Oppenheimer & Co. Inc. acquired a new stake in Franklin Income Focus ETF in the third quarter worth $242,000. Finally, Wealthcare Advisory Partners LLC bought a new position in shares of Franklin Income Focus ETF during the fourth quarter worth $267,000.

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. INCM was launched on Jun 6, 2023 and is managed by Franklin Templeton.