Franklin Income Focus ETF (NYSEARCA:INCM) Hits New 12-Month High – Time to Buy?

Franklin Income Focus ETF (NYSEARCA:INCM)’s share price 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 Stock Performance

The firm’s 50-day simple moving average is $28.04 and its 200 day simple moving average is $27.72. The stock has a market capitalization of $1.14 billion, a P/E ratio of -48,841.57 and a beta of 0.49.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Comerica Bank bought a new position in Franklin Income Focus ETF in the first quarter valued at approximately $53,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of Franklin Income Focus ETF in the 3rd quarter valued at approximately $214,000. PFG Advisors bought a new position in shares of Franklin Income Focus ETF in the second quarter valued at $217,000. Oppenheimer & Co. Inc. acquired a new position in Franklin Income Focus ETF during the third quarter worth $242,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in 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.