Raymond James & Associates decreased its holdings in Franklin Universal Trust (NYSE:FT – Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,269 shares of the financial services provider’s stock after selling 1,825 shares during the quarter. Raymond James & Associates’ holdings in Franklin Universal Trust were worth $334,000 at the end of the most recent reporting period.
Separately, Janney Montgomery Scott LLC raised its holdings in shares of Franklin Universal Trust by 4.7% during the third quarter. Janney Montgomery Scott LLC now owns 243,725 shares of the financial services provider’s stock valued at $1,548,000 after acquiring an additional 11,009 shares during the last quarter.
Franklin Universal Trust Price Performance
Shares of Franklin Universal Trust stock opened at $6.57 on Monday. The business has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $6.49. Franklin Universal Trust has a 12 month low of $5.97 and a 12 month high of $7.06.
Franklin Universal Trust Dividend Announcement
About Franklin Universal Trust
Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.
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