Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 83.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 531,178 shares of the company’s stock after purchasing an additional 241,778 shares during the period. Advisors Asset Management Inc.’s holdings in Franklin Limited Duration Income Trust were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at approximately $7,646,000. GraniteShares Advisors LLC purchased a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at $2,479,000. Pathstone Holdings LLC raised its position in shares of Franklin Limited Duration Income Trust by 20.6% in the third quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock worth $11,731,000 after acquiring an additional 300,528 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth about $880,000. Finally, Encompass More Asset Management acquired a new stake in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at about $577,000.

Franklin Limited Duration Income Trust Trading Up 0.5 %

Shares of FTF stock opened at $6.48 on Friday. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83. The business’s 50 day simple moving average is $6.55.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0615 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.74 dividend on an annualized basis and a yield of 11.39%.

About Franklin Limited Duration Income Trust

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.