Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 349.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,822 shares of the company’s stock after acquiring an additional 56,612 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Franklin Limited Duration Income Trust were worth $470,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Franklin Limited Duration Income Trust by 3.4% in the fourth quarter. Invesco Ltd. now owns 832,151 shares of the company’s stock worth $5,517,000 after acquiring an additional 27,226 shares during the last quarter. Guggenheim Capital LLC boosted its position 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 valued at $5,334,000 after acquiring an additional 281,953 shares during the period. Wells Fargo & Company MN raised its position in shares of Franklin Limited Duration Income Trust by 13.1% during the fourth quarter. Wells Fargo & Company MN now owns 721,088 shares of the company’s stock valued at $4,781,000 after buying an additional 83,285 shares during the last quarter. Shaker Financial Services LLC raised its stake in shares of Franklin Limited Duration Income Trust by 11.9% in the fourth quarter. Shaker Financial Services LLC now owns 441,873 shares of the company’s stock valued at $2,930,000 after purchasing an additional 47,009 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its stake in Franklin Limited Duration Income Trust by 6.5% in the first quarter. GraniteShares Advisors LLC now owns 398,047 shares of the company’s stock valued at $2,571,000 after acquiring an additional 24,120 shares during the period.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF stock opened at $6.42 on Thursday. The stock’s fifty day moving average is $6.42 and its 200-day moving average is $6.41. Franklin Limited Duration Income Trust has a 52 week low of $5.57 and a 52 week high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 18th were given a dividend of $0.0615 per share. The ex-dividend date was Friday, July 18th. This represents a c) annualized dividend and a dividend yield of 11.5%.

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.