Franklin Income Focus ETF (NYSEARCA:INCM) Sees Strong Trading Volume – Time to Buy?

Franklin Income Focus ETF (NYSEARCA:INCMGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 727,639 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 367,340 shares.The stock last traded at $29.0340 and had previously closed at $28.90.

Franklin Income Focus ETF Price Performance

The firm has a 50 day moving average price of $28.38 and a 200-day moving average price of $27.89. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -49,591.14 and a beta of 0.49.

Franklin Income Focus ETF Cuts Dividend

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

Institutional Investors Weigh In On Franklin Income Focus ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in shares of Franklin Income Focus ETF during the fourth quarter worth $35,000. Comerica Bank purchased a new stake in Franklin Income Focus ETF during the 1st quarter worth about $53,000. International Assets Investment Management LLC acquired a new position in shares of Franklin Income Focus ETF during the 4th quarter worth about $90,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of Franklin Income Focus ETF in the 3rd quarter valued at about $214,000. Finally, PFG Advisors acquired a new stake in shares of Franklin Income Focus ETF during the 2nd quarter worth about $217,000.

About Franklin Income Focus ETF

(Get Free Report)

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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