Uniting Wealth Partners LLC Purchases Shares of 10,000 Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Uniting Wealth Partners LLC acquired a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $66,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FTF. LPL Financial LLC grew its stake in Franklin Limited Duration Income Trust by 1,283.0% in the 4th quarter. LPL Financial LLC now owns 874,447 shares of the company’s stock valued at $5,798,000 after buying an additional 811,219 shares during the last quarter. GraniteShares Advisors LLC acquired a new position in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $2,479,000. Advisors Asset Management Inc. increased its stake in shares of Franklin Limited Duration Income Trust by 83.5% during the fourth quarter. Advisors Asset Management Inc. now owns 531,178 shares of the company’s stock worth $3,522,000 after purchasing an additional 241,778 shares during the period. Raymond James Financial Inc. bought a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter worth approximately $880,000. Finally, Financial Partners Group Inc lifted its holdings in Franklin Limited Duration Income Trust by 242.2% during the 4th quarter. Financial Partners Group Inc now owns 118,600 shares of the company’s stock worth $786,000 after purchasing an additional 83,945 shares during the last quarter.

Franklin Limited Duration Income Trust Trading Up 0.3 %

Shares of NYSEAMERICAN FTF opened at $6.47 on Thursday. The firm has a fifty day moving average price of $6.54. Franklin Limited Duration Income Trust has a one year low of $6.08 and a one year high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.0615 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.74 annualized dividend and a dividend yield of 11.41%.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.