Stratos Wealth Partners LTD. Has $126,000 Stock Position in Franklin Universal Trust (NYSE:FT)

Stratos Wealth Partners LTD. lessened its holdings in Franklin Universal Trust (NYSE:FT) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,700 shares of the financial services provider’s stock after selling 2,600 shares during the quarter. Stratos Wealth Partners LTD. owned approximately 0.07% of Franklin Universal Trust worth $126,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Franklin Universal Trust in the 1st quarter valued at about $81,000. Bridgewealth Advisory Group LLC purchased a new position in Franklin Universal Trust during the 4th quarter worth $113,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Franklin Universal Trust by 18.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,259 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 3,286 shares during the period. Shaker Financial Services LLC boosted its holdings in shares of Franklin Universal Trust by 27.5% in the 4th quarter. Shaker Financial Services LLC now owns 51,188 shares of the financial services provider’s stock worth $374,000 after buying an additional 11,042 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Franklin Universal Trust in the fourth quarter valued at about $614,000.

Franklin Universal Trust Stock Performance

Shares of NYSE FT opened at $7.78 on Friday. The stock’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.47. Franklin Universal Trust has a twelve month low of $6.71 and a twelve month high of $7.80.

Franklin Universal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be paid a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend is Friday, July 18th.

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.