Franklin Income Focus ETF (NYSEARCA:INCM – Get Free Report) saw unusually-strong trading volume on Tuesday. 983,442 shares were traded during mid-day trading, an increase of 164% from the average daily volume of 372,257 shares. The stock last traded at $29.2150 and had previously closed at $29.22.
Franklin Income Focus ETF Stock Performance
The firm has a 50 day simple moving average of $29.11 and a two-hundred day simple moving average of $29.11. The firm has a market capitalization of $1.98 billion, a P/E ratio of -49,807.50 and a beta of 0.41.
Institutional Trading of Franklin Income Focus ETF
Several institutional investors and hedge funds have recently made changes to their positions in the company. Latitude Advisors LLC purchased a new position in Franklin Income Focus ETF during the third quarter worth about $45,000. Oppenheimer & Co. Inc. purchased a new stake in Franklin Income Focus ETF in the 3rd quarter valued at about $451,000. Flagship Harbor Advisors LLC increased its stake in Franklin Income Focus ETF by 5.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 39,293 shares of the company’s stock valued at $1,118,000 after buying an additional 1,875 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth approximately $574,000. Finally, Sowell Financial Services LLC bought a new position in shares of Franklin Income Focus ETF during the 3rd quarter worth approximately $12,397,000.
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.
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