Cetera Investment Advisers Has $582,000 Stake in Franklin Universal Trust (NYSE:FT)

Cetera Investment Advisers trimmed its position in shares of Franklin Universal Trust (NYSE:FT) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,609 shares of the financial services provider’s stock after selling 4,177 shares during the period. Cetera Investment Advisers owned approximately 0.32% of Franklin Universal Trust worth $582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FT. Blue Bell Private Wealth Management LLC raised its stake 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 valued at $82,000 after purchasing an additional 1,632 shares during the last quarter. Bridgewealth Advisory Group LLC bought a new position in shares of Franklin Universal Trust during the 4th quarter worth about $113,000. Noble Wealth Management PBC acquired a new position in shares of Franklin Universal Trust during the fourth quarter valued at about $212,000. Shaker Financial Services LLC raised its position in shares of Franklin Universal Trust by 27.5% during the fourth quarter. Shaker Financial Services LLC now owns 51,188 shares of the financial services provider’s stock valued at $374,000 after buying an additional 11,042 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Franklin Universal Trust in the fourth quarter valued at about $614,000.

Franklin Universal Trust Price Performance

FT stock opened at $7.41 on Tuesday. Franklin Universal Trust has a twelve month low of $6.68 and a twelve month high of $7.80. The business’s 50-day simple moving average is $7.36 and its 200 day simple moving average is $7.46.

Franklin Universal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Monday, May 19th.

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.