10,798 Shares in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Bought by Park Avenue Securities LLC

Park Avenue Securities LLC bought a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,798 shares of the company’s stock, valued at approximately $70,000.

A number of other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Franklin Limited Duration Income Trust by 1,283.0% during the fourth quarter. LPL Financial LLC now owns 874,447 shares of the company’s stock valued at $5,798,000 after acquiring an additional 811,219 shares during the last quarter. GraniteShares Advisors LLC purchased a new stake in Franklin Limited Duration Income Trust during the fourth quarter valued at about $2,479,000. Guggenheim Capital LLC increased its holdings in shares of Franklin Limited Duration Income Trust by 54.0% in the fourth quarter. Guggenheim Capital LLC now owns 804,510 shares of the company’s stock worth $5,334,000 after buying an additional 281,953 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Franklin Limited Duration Income Trust by 83.5% in the fourth quarter. Advisors Asset Management Inc. now owns 531,178 shares of the company’s stock worth $3,522,000 after buying an additional 241,778 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter worth about $880,000.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN FTF opened at $6.36 on Tuesday. The business’s 50-day moving average is $6.32 and its 200 day moving average is $6.40. Franklin Limited Duration Income Trust has a 1 year low of $5.57 and a 1 year high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.0615 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.74 annualized dividend and a yield of 11.60%.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.