Raymond James Financial Services Advisors Inc. Decreases Holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Raymond James Financial Services Advisors Inc. cut its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Rating) by 17.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 100,143 shares of the company’s stock after selling 21,490 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Franklin Limited Duration Income Trust were worth $619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its stake in shares of Franklin Limited Duration Income Trust by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 1,103,346 shares of the company’s stock worth $7,459,000 after acquiring an additional 20,678 shares during the period. Invesco Ltd. grew its stake in shares of Franklin Limited Duration Income Trust by 26.9% during the 1st quarter. Invesco Ltd. now owns 525,499 shares of the company’s stock worth $3,983,000 after acquiring an additional 111,532 shares during the period. Brinker Capital Investments LLC grew its stake in shares of Franklin Limited Duration Income Trust by 3.9% during the 2nd quarter. Brinker Capital Investments LLC now owns 474,045 shares of the company’s stock worth $3,205,000 after acquiring an additional 17,976 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Franklin Limited Duration Income Trust by 1.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 196,247 shares of the company’s stock worth $1,213,000 after acquiring an additional 3,063 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Franklin Limited Duration Income Trust during the 1st quarter worth $1,421,000.

Franklin Limited Duration Income Trust Stock Performance

FTF stock opened at $6.47 on Wednesday. Franklin Limited Duration Income Trust has a fifty-two week low of $5.93 and a fifty-two week high of $8.29.

Franklin Limited Duration Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Thursday, January 19th will be paid a $0.0595 dividend. The ex-dividend date of this dividend is Wednesday, January 18th. This represents a $0.71 annualized dividend and a yield of 11.04%. This is an increase from Franklin Limited Duration Income Trust’s previous monthly dividend of $0.06.

Franklin Limited Duration Income Trust Company Profile

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Franklin Ltd. Duration Income Trust is a closed-end investment company. It seeks to provide high, current income, with a secondary objective of capital appreciation to the extent possible and consistent with the Fund’s primary objective, through a portfolio consisting primarily of high-yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities.