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

Franklin Income Focus ETF (NYSEARCA:INCMGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.57 and last traded at $29.3550, with a volume of 63406 shares changing hands. The stock had previously closed at $29.48.

Franklin Income Focus ETF Stock Down 0.6%

The company’s 50-day moving average is $28.58 and its two-hundred day moving average is $28.00. The company has a market capitalization of $1.23 billion, a P/E ratio of -49,957.41 and a beta of 0.49.

Franklin Income Focus ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Friday, January 30th were given a dividend of $0.12 per share. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend 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

Large investors have recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in Franklin Income Focus ETF during the fourth quarter worth 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. International Assets Investment Management LLC bought a new stake in Franklin Income Focus ETF in the 4th quarter worth approximately $90,000. Titleist Asset Management LLC bought a new stake in Franklin Income Focus ETF in the 4th quarter worth approximately $201,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in Franklin Income Focus ETF in the third quarter worth approximately $214,000.

Franklin Income Focus ETF Company Profile

(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.

See Also

Receive News & Ratings for Franklin Income Focus ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Income Focus ETF and related companies with MarketBeat.com's FREE daily email newsletter.