Shares of Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $29.65 and last traded at $29.64, with a volume of 18490 shares trading hands. The stock had previously closed at $29.53.
Franklin Income Focus ETF Price Performance
The stock has a market capitalization of $1.75 billion, a P/E ratio of -50,477.00 and a beta of 0.40. The company’s 50 day simple moving average is $29.19 and its two-hundred day simple moving average is $29.16.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Plus Group Wealth Advisors LLC acquired a new stake in Franklin Income Focus ETF during the 4th quarter valued at $502,000. World Investment Advisors acquired a new position in Franklin Income Focus ETF in the fourth quarter worth $517,000. Next Level Private LLC boosted its stake in Franklin Income Focus ETF by 27.4% in the first quarter. Next Level Private LLC now owns 395,468 shares of the company’s stock worth $11,370,000 after purchasing an additional 84,939 shares in the last quarter. Richards Merrill & Peterson Inc. grew its holdings in shares of Franklin Income Focus ETF by 38.5% during the first quarter. Richards Merrill & Peterson Inc. now owns 72,745 shares of the company’s stock worth $2,091,000 after purchasing an additional 20,235 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Franklin Income Focus ETF by 8.2% during the first quarter. Bank of America Corp DE now owns 1,341,701 shares of the company’s stock worth $38,574,000 after purchasing an additional 102,252 shares during the last quarter.
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.
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