Raymond James Financial Inc. Makes New $614,000 Investment in Franklin Universal Trust (NYSE:FT)

Raymond James Financial Inc. bought a new stake in shares of Franklin Universal Trust (NYSE:FT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 84,011 shares of the financial services provider’s stock, valued at approximately $614,000. Raymond James Financial Inc. owned approximately 0.33% of Franklin Universal Trust at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Uncommon Cents Investing LLC raised its position in Franklin Universal Trust by 1.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 172,402 shares of the financial services provider’s stock valued at $1,260,000 after purchasing an additional 1,923 shares during the period. Janney Montgomery Scott LLC lifted its position in Franklin Universal Trust by 22.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 118,611 shares of the financial services provider’s stock worth $867,000 after buying an additional 21,488 shares during the last quarter. Moloney Securities Asset Management LLC boosted its stake in Franklin Universal Trust by 1.9% during the fourth quarter. Moloney Securities Asset Management LLC now owns 673,296 shares of the financial services provider’s stock worth $4,922,000 after buying an additional 12,380 shares during the period. Noble Wealth Management PBC bought a new position in Franklin Universal Trust during the fourth quarter valued at $212,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Franklin Universal Trust by 17.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,210 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 1,632 shares during the period.

Franklin Universal Trust Stock Performance

Franklin Universal Trust stock opened at $7.46 on Thursday. Franklin Universal Trust has a 12-month low of $6.68 and a 12-month high of $7.80. The firm has a 50-day moving average price of $7.38 and a 200-day moving average price of $7.47.

Franklin Universal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th were given a dividend of $0.0425 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.51 annualized dividend and a dividend yield of 6.84%.

Franklin Universal Trust 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.