Penserra Capital Management LLC Invests $7.65 Million in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Penserra Capital Management LLC purchased a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 1,146,405 shares of the company’s stock, valued at approximately $7,646,000.

A number of other large investors also recently bought and sold shares of FTF. Advisors Asset Management Inc. increased its position in shares of Franklin Limited Duration Income Trust by 204.7% in the third quarter. Advisors Asset Management Inc. now owns 289,400 shares of the company’s stock valued at $1,930,000 after buying an additional 194,407 shares in the last quarter. Avior Wealth Management LLC grew its stake in Franklin Limited Duration Income Trust by 30.7% in the 3rd quarter. Avior Wealth Management LLC now owns 23,665 shares of the company’s stock valued at $158,000 after acquiring an additional 5,557 shares during the period. Pathstone Holdings LLC grew its stake in Franklin Limited Duration Income Trust by 20.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock valued at $11,731,000 after acquiring an additional 300,528 shares during the period. Covenant Partners LLC purchased a new stake in Franklin Limited Duration Income Trust in the 3rd quarter worth $69,000. Finally, SeaCrest Wealth Management LLC raised its position in Franklin Limited Duration Income Trust by 5.9% during the third quarter. SeaCrest Wealth Management LLC now owns 44,561 shares of the company’s stock worth $297,000 after acquiring an additional 2,498 shares during the period.

Franklin Limited Duration Income Trust Trading Up 0.8 %

FTF stock opened at $6.60 on Monday. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be paid a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date is Monday, November 18th.

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.