Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $29.95 and last traded at $29.62, with a volume of 58905 shares changing hands. The stock had previously closed at $29.58.
Franklin Income Focus ETF Trading Up 0.1%
The business’s fifty day moving average price is $29.23 and its 200-day moving average price is $29.19. The company has a market capitalization of $1.75 billion, a P/E ratio of -50,459.97 and a beta of 0.40.
Institutional Investors Weigh In On Franklin Income Focus ETF
A number of large investors have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Franklin Income Focus ETF during the 4th quarter valued at about $35,000. Comerica Bank purchased a new position in shares of Franklin Income Focus ETF during the 1st quarter valued at about $53,000. Geneos Wealth Management Inc. bought a new stake in Franklin Income Focus ETF in the 1st quarter worth approximately $62,000. International Assets Investment Management LLC bought a new stake in Franklin Income Focus ETF in the 4th quarter worth approximately $90,000. Finally, Western Wealth Management LLC purchased a new stake in Franklin Income Focus ETF in the first quarter worth approximately $120,000.
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.
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