Franklin Income Focus ETF (NYSEARCA:INCM) Hits New 52-Week High – Time to Buy?

Franklin Income Focus ETF (NYSEARCA:INCM) reached a new 52-week high during trading on Monday . The stock traded as high as $28.27 and last traded at $28.14, with a volume of 337767 shares traded. The stock had previously closed at $28.05.

Franklin Income Focus ETF Price Performance

The firm’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $27.51. The company has a market cap of $948.09 million, a price-to-earnings ratio of -47,785.35 and a beta of 0.49.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Franklin Income Focus ETF by 1.9% in the second quarter. JPMorgan Chase & Co. now owns 23,301 shares of the company’s stock valued at $630,000 after acquiring an additional 442 shares in the last quarter. HBW Advisory Services LLC lifted its position in Franklin Income Focus ETF by 4.1% in the third quarter. HBW Advisory Services LLC now owns 11,456 shares of the company’s stock worth $318,000 after purchasing an additional 451 shares during the period. Arkadios Wealth Advisors lifted its position 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 worth $1,707,000 after purchasing an additional 573 shares during the period. Lido Advisors LLC increased its position in shares of Franklin Income Focus ETF by 0.5% during the 3rd quarter. Lido Advisors LLC now owns 139,305 shares of the company’s stock valued at $3,880,000 after purchasing an additional 687 shares during the period. Finally, Kennedy Investment Group increased its position in shares of Franklin Income Focus ETF by 8.5% during the 2nd quarter. Kennedy Investment Group now owns 10,201 shares of the company’s stock valued at $276,000 after purchasing an additional 795 shares during the period.

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.