Franklin Income Focus ETF (NYSEARCA:INCM) Sees Unusually-High Trading Volume – Here’s Why

Franklin Income Focus ETF (NYSEARCA:INCM) saw strong trading volume on Friday . 502,819 shares traded hands during 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 Trading Down 3.2 %

The firm’s fifty day simple moving average is $26.76 and its two-hundred day simple moving average is $26.79. The company has a market capitalization of $506.93 million, a price-to-earnings ratio of 20.01 and a beta of 0.40.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INCM. Raymond James Financial Inc. acquired a new position in shares of Franklin Income Focus ETF in the 4th quarter valued at $29,071,000. Wells Fargo & Company MN raised its holdings in Franklin Income Focus ETF by 1,098.1% in the 4th quarter. Wells Fargo & Company MN now owns 469,144 shares of the company’s stock valued at $12,245,000 after buying an additional 429,988 shares during the period. LPL Financial LLC raised its holdings in Franklin Income Focus ETF by 20.9% in the 4th quarter. LPL Financial LLC now owns 1,371,927 shares of the company’s stock valued at $35,807,000 after buying an additional 237,594 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Franklin Income Focus ETF by 22.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 956,616 shares of the company’s stock worth $24,968,000 after buying an additional 174,400 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Franklin Income Focus ETF by 38.5% during the fourth quarter. Ameriprise Financial Inc. now owns 510,887 shares of the company’s stock valued at $13,334,000 after acquiring an additional 141,904 shares during the last quarter.

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.