Franklin Income Focus ETF (NYSEARCA:INCM) Sees Large Volume Increase – Time to Buy?

Franklin Income Focus ETF (NYSEARCA:INCM) saw unusually-high trading volume on Friday . Approximately 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 stock has a market cap of $545.04 million, a PE ratio of 19.02 and a beta of 0.40. The firm’s 50-day moving average is $26.74 and its 200 day moving average is $26.77.

Institutional Investors Weigh In On Franklin Income Focus ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in Franklin Income Focus ETF by 22.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 956,616 shares of the company’s stock valued at $24,968,000 after acquiring an additional 174,400 shares during the period. Pinnacle Financial Group LLC IL purchased a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at approximately $554,000. Visionary Wealth Advisors increased its holdings in shares of Franklin Income Focus ETF by 10.2% in the fourth quarter. Visionary Wealth Advisors now owns 17,211 shares of the company’s stock valued at $449,000 after purchasing an additional 1,600 shares during the period. Royal Bank of Canada raised its stake in shares of Franklin Income Focus ETF by 9.6% during the fourth quarter. Royal Bank of Canada now owns 717,499 shares of the company’s stock worth $18,727,000 after purchasing an additional 63,064 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Franklin Income Focus ETF by 11.1% during the fourth quarter. Cetera Investment Advisers now owns 262,702 shares of the company’s stock worth $6,857,000 after purchasing an additional 26,298 shares during the period.

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.