Franklin Universal Trust (NYSE:FT) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in shares of Franklin Universal Trust (NYSE:FT) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 652,535 shares of the financial services provider’s stock after buying an additional 2,245 shares during the period. LPL Financial LLC owned 2.60% of Franklin Universal Trust worth $4,770,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC increased its position in Franklin Universal Trust by 17.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 11,210 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 1,632 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Franklin Universal Trust in the 4th quarter valued at $614,000. Noble Wealth Management PBC acquired a new position in shares of Franklin Universal Trust during the 4th quarter valued at $212,000. Moloney Securities Asset Management LLC lifted its holdings in shares of Franklin Universal Trust by 1.9% during the 4th quarter. Moloney Securities Asset Management LLC now owns 673,296 shares of the financial services provider’s stock valued at $4,922,000 after acquiring an additional 12,380 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Franklin Universal Trust by 22.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 118,611 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 21,488 shares during the period.

Franklin Universal Trust Price Performance

NYSE:FT opened at $7.13 on Thursday. Franklin Universal Trust has a 12 month low of $6.34 and a 12 month high of $7.80. The business’s 50-day moving average is $7.50 and its two-hundred day moving average is $7.50.

Franklin Universal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a yield of 7.15%. The ex-dividend date is Thursday, April 17th.

Franklin Universal Trust Company Profile

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.