Penserra Capital Management LLC Sells 450,270 Shares of Franklin Limited Duration Income Trust $FTF

Penserra Capital Management LLC decreased its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 40.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 657,957 shares of the company’s stock after selling 450,270 shares during the period. Penserra Capital Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $4,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its holdings in Franklin Limited Duration Income Trust by 25.0% in the second quarter. Advisors Asset Management Inc. now owns 1,040,829 shares of the company’s stock worth $6,682,000 after buying an additional 208,236 shares during the period. Invesco Ltd. raised its position in shares of Franklin Limited Duration Income Trust by 3.8% in the 2nd quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock worth $5,277,000 after acquiring an additional 30,220 shares in the last quarter. Shaker Financial Services LLC lifted its stake in shares of Franklin Limited Duration Income Trust by 3.2% in the 3rd quarter. Shaker Financial Services LLC now owns 693,377 shares of the company’s stock valued at $4,417,000 after purchasing an additional 21,224 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Franklin Limited Duration Income Trust by 3.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 471,936 shares of the company’s stock valued at $3,006,000 after purchasing an additional 15,358 shares in the last quarter. Finally, GraniteShares Advisors LLC boosted its position in shares of Franklin Limited Duration Income Trust by 9.7% during the third quarter. GraniteShares Advisors LLC now owns 465,583 shares of the company’s stock valued at $2,966,000 after purchasing an additional 41,004 shares in the last quarter.

Franklin Limited Duration Income Trust Stock Performance

FTF opened at $6.20 on Friday. The stock has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $6.26. Franklin Limited Duration Income Trust has a 12-month low of $5.57 and a 12-month high of $6.71.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.