Goldman Sachs Group Inc. Invests $117,000 in Franklin Universal Trust $FT

Goldman Sachs Group Inc. acquired a new position in Franklin Universal Trust (NYSE:FT) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,487 shares of the financial services provider’s stock, valued at approximately $117,000. Goldman Sachs Group Inc. owned about 0.06% of Franklin Universal Trust as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FT. Advisors Asset Management Inc. raised its holdings in Franklin Universal Trust by 20.9% in the 1st quarter. Advisors Asset Management Inc. now owns 214,496 shares of the financial services provider’s stock worth $1,615,000 after acquiring an additional 37,138 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Franklin Universal Trust in the 1st quarter worth approximately $162,000. Oppenheimer & Co. Inc. purchased a new position in Franklin Universal Trust in the 1st quarter worth approximately $81,000. MB Levis & Associates LLC purchased a new position in Franklin Universal Trust in the 1st quarter worth approximately $77,000. Finally, Uncommon Cents Investing LLC raised its holdings in Franklin Universal Trust by 2.4% in the 1st quarter. Uncommon Cents Investing LLC now owns 176,625 shares of the financial services provider’s stock worth $1,330,000 after acquiring an additional 4,223 shares during the last quarter.

Franklin Universal Trust Stock Performance

Shares of NYSE FT opened at $8.01 on Tuesday. Franklin Universal Trust has a twelve month low of $6.71 and a twelve month high of $8.08. The company has a 50 day moving average of $7.91 and a 200 day moving average of $7.61.

Franklin Universal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.0425 per share. The ex-dividend date is Thursday, September 18th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

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.