Franklin Income Focus ETF (NYSEARCA:INCM) Hits New 1-Year High – Should You Buy?

Franklin Income Focus ETF (NYSEARCA:INCM)’s share price reached a new 52-week high on Friday . The company traded as high as $28.45 and last traded at $28.3950, with a volume of 32239 shares traded. The stock had previously closed at $28.34.

Franklin Income Focus ETF Price Performance

The firm has a market cap of $1.11 billion, a PE ratio of -48,432.71 and a beta of 0.49. The company has a 50-day simple moving average of $27.96 and a 200-day simple moving average of $27.67.

Institutional Investors Weigh In On Franklin Income Focus ETF

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank purchased a new stake in shares of Franklin Income Focus ETF in the first quarter valued at approximately $53,000. Jacobi Capital Management LLC bought a new stake in Franklin Income Focus ETF during the first quarter valued at about $202,000. Nations Financial Group Inc. IA ADV purchased a new position in Franklin Income Focus ETF in the third quarter valued at about $214,000. PFG Advisors purchased a new position in Franklin Income Focus ETF in the second quarter valued at about $217,000. Finally, Oppenheimer & Co. Inc. bought a new position in Franklin Income Focus ETF in the third quarter worth about $242,000.

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.