Franklin Income Focus ETF (NYSEARCA:INCM) Sets New 52-Week High – Still a Buy?

Franklin Income Focus ETF (NYSEARCA:INCM)’s share price reached a new 52-week high 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 Stock Performance

The stock has a 50-day moving average of $27.83 and a two-hundred day moving average of $27.49. The company has a market cap of $951.13 million, a P/E ratio of -47,938.67 and a beta of 0.49.

Institutional Trading of Franklin Income Focus ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. increased its holdings in Franklin Income Focus ETF by 15.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,951,973 shares of the company’s stock worth $54,148,000 after buying an additional 258,689 shares in the last quarter. Summit Investment Advisory Services LLC boosted its holdings in shares of Franklin Income Focus ETF by 6.5% during the 3rd quarter. Summit Investment Advisory Services LLC now owns 971,422 shares of the company’s stock valued at $26,947,000 after acquiring an additional 59,238 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Franklin Income Focus ETF by 32.7% in the third quarter. Ameriprise Financial Inc. now owns 908,507 shares of the company’s stock worth $25,203,000 after acquiring an additional 223,654 shares during the period. Royal Bank of Canada raised its holdings in shares of Franklin Income Focus ETF by 11.2% during the first quarter. Royal Bank of Canada now owns 798,194 shares of the company’s stock valued at $21,256,000 after purchasing an additional 80,695 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Franklin Income Focus ETF by 65.3% during the third quarter. Larson Financial Group LLC now owns 550,795 shares of the company’s stock valued at $15,279,000 after purchasing an additional 217,670 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.