Franklin Income Focus ETF (NYSEARCA:INCM) Sees Strong Trading Volume – What’s Next?

Franklin Income Focus ETF (NYSEARCA:INCM) saw strong trading volume on Friday . 502,819 shares traded hands during mid-day trading, an increase of 293% from the previous session’s volume of 127,907 shares.The stock last traded at $25.57 and had previously closed at $26.26.

Franklin Income Focus ETF Stock Performance

The firm has a market capitalization of $545.04 million, a price-to-earnings ratio of 19.02 and a beta of 0.40. The company has a 50 day moving average price of $26.74 and a two-hundred day moving average price of $26.77.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its stake in Franklin Income Focus ETF by 41.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 3,157 shares of the company’s stock worth $82,000 after purchasing an additional 920 shares during the last quarter. Principal Securities Inc. boosted its position in Franklin Income Focus ETF by 24.9% during the fourth quarter. Principal Securities Inc. now owns 5,340 shares of the company’s stock worth $139,000 after acquiring an additional 1,065 shares during the last quarter. Verus Capital Partners LLC acquired a new position in Franklin Income Focus ETF during the fourth quarter worth about $224,000. Orion Portfolio Solutions LLC purchased a new stake in Franklin Income Focus ETF during the 3rd quarter valued at about $225,000. Finally, Independent Advisor Alliance acquired a new stake in Franklin Income Focus ETF in the 4th quarter valued at about $252,000.

Franklin Income Focus ETF Company Profile

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.