Raymond James Trust N.A. Takes $79,000 Position in Franklin Universal Trust (NYSE:FT)

Raymond James Trust N.A. acquired a new position in Franklin Universal Trust (NYSE:FT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,484 shares of the financial services provider’s stock, valued at approximately $79,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in Franklin Universal Trust during the 1st quarter valued at approximately $514,000. Janney Montgomery Scott LLC boosted its stake in shares of Franklin Universal Trust by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 1,941 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Franklin Universal Trust during the second quarter worth $843,000. Wolverine Asset Management LLC raised its stake in Franklin Universal Trust by 3.7% during the second quarter. Wolverine Asset Management LLC now owns 145,638 shares of the financial services provider’s stock worth $992,000 after buying an additional 5,192 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Franklin Universal Trust by 654.4% in the second quarter. Commonwealth Equity Services LLC now owns 151,663 shares of the financial services provider’s stock valued at $1,033,000 after buying an additional 131,558 shares during the period.

Franklin Universal Trust Stock Up 0.5 %

Shares of FT opened at $7.73 on Friday. The firm’s fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $7.18. Franklin Universal Trust has a 12 month low of $6.34 and a 12 month high of $7.75.

Franklin Universal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.0425 per share. The ex-dividend date is Monday, November 18th. This represents a $0.51 annualized dividend and a yield of 6.60%.

Franklin Universal Trust Company Profile

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.