Uniting Wealth Partners LLC Acquires New Stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Uniting Wealth Partners LLC purchased a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Apollon Wealth Management LLC bought a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at $153,000. Stratos Wealth Partners LTD. grew its holdings in shares of Franklin Limited Duration Income Trust by 6.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 80,773 shares of the company’s stock valued at $536,000 after acquiring an additional 4,850 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Franklin Limited Duration Income Trust in the 3rd quarter valued at about $130,000. Stifel Financial Corp increased its position in shares of Franklin Limited Duration Income Trust by 17.1% in the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock valued at $120,000 after acquiring an additional 2,633 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth about $168,000.

Franklin Limited Duration Income Trust Stock Up 0.3 %

FTF stock opened at $6.47 on Thursday. Franklin Limited Duration Income Trust has a twelve month low of $6.08 and a twelve month high of $6.83. The company has a 50 day moving average of $6.54.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.0615 per share. The ex-dividend date was Monday, March 17th. This represents a $0.74 dividend on an annualized basis and a yield of 11.41%.

Franklin Limited Duration Income Trust 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.