D.A. Davidson & CO. Makes New $98,000 Investment in Franklin Limited Duration Income Trust $FTF

D.A. Davidson & CO. acquired a new position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,275 shares of the company’s stock, valued at approximately $98,000.

Several other hedge funds and other institutional investors have also modified their holdings of FTF. Apollon Wealth Management LLC raised its holdings in Franklin Limited Duration Income Trust by 74.9% in the second quarter. Apollon Wealth Management LLC now owns 40,354 shares of the company’s stock valued at $259,000 after buying an additional 17,279 shares during the period. GraniteShares Advisors LLC raised its holdings in Franklin Limited Duration Income Trust by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 424,579 shares of the company’s stock valued at $2,726,000 after buying an additional 26,532 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in Franklin Limited Duration Income Trust in the second quarter valued at approximately $70,000. Geneos Wealth Management Inc. raised its holdings in Franklin Limited Duration Income Trust by 893.4% in the first quarter. Geneos Wealth Management Inc. now owns 12,666 shares of the company’s stock valued at $82,000 after buying an additional 11,391 shares during the period. Finally, Integrity Alliance LLC. purchased a new position in Franklin Limited Duration Income Trust in the first quarter valued at approximately $423,000.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF opened at $6.20 on Friday. Franklin Limited Duration Income Trust has a one year low of $5.57 and a one year high of $6.75. The company’s 50 day moving average price is $6.35 and its 200 day moving average price is $6.37.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently declared a oct 25 dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were given a dividend of $0.0615 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a dividend yield of 1,186.0%.

About Franklin Limited Duration Income Trust

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.