Franklin Income Focus ETF (NYSEARCA:INCM) Sets New 1-Year High – Here’s What Happened

Franklin Income Focus ETF (NYSEARCA:INCM)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $29.10 and last traded at $29.10, with a volume of 375147 shares. The stock had previously closed at $28.96.

Franklin Income Focus ETF Stock Up 0.6%

The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -49,880.75 and a beta of 0.49. The business’s 50-day moving average is $28.38 and its 200-day moving average is $27.89.

Franklin Income Focus ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 30th were issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Friday, January 30th. Franklin Income Focus ETF’s payout ratio is -240,204.42%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Franklin Income Focus ETF by 1.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock valued at $630,000 after purchasing an additional 442 shares in the last quarter. HBW Advisory Services LLC grew its position in Franklin Income Focus ETF by 4.1% during the third quarter. HBW Advisory Services LLC now owns 11,456 shares of the company’s stock valued at $318,000 after buying an additional 451 shares during the period. Sanctuary Advisors LLC increased its holdings in Franklin Income Focus ETF by 0.9% in the fourth quarter. Sanctuary Advisors LLC now owns 50,639 shares of the company’s stock valued at $1,420,000 after buying an additional 472 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Franklin Income Focus ETF by 0.9% in the third quarter. Arkadios Wealth Advisors now owns 61,521 shares of the company’s stock valued at $1,707,000 after buying an additional 573 shares in the last quarter. Finally, Lido Advisors LLC raised its position in shares of Franklin Income Focus ETF by 0.5% in the third quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock worth $3,880,000 after acquiring an additional 687 shares during the period.

About Franklin Income Focus ETF

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.