Absolute Investment Advisers LLC Invests $3.02 Million in Franklin Limited Duration Income Trust $FTF

Absolute Investment Advisers LLC bought a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 490,414 shares of the company’s stock, valued at approximately $3,023,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its stake in shares of Franklin Limited Duration Income Trust by 144.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 138,003 shares of the company’s stock worth $879,000 after acquiring an additional 81,595 shares in the last quarter. GraniteShares Advisors LLC grew its stake 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 worth $2,966,000 after purchasing an additional 41,004 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Franklin Limited Duration Income Trust by 46.1% during the second quarter. Cetera Investment Advisers now owns 110,142 shares of the company’s stock worth $707,000 after purchasing an additional 34,738 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Franklin Limited Duration Income Trust during the third quarter worth $197,000. Finally, Invesco Ltd. grew its stake in shares of Franklin Limited Duration Income Trust by 3.8% during the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock worth $5,277,000 after purchasing an additional 30,220 shares in the last quarter.

Franklin Limited Duration Income Trust Trading Down 0.7%

Shares of FTF stock opened at $5.95 on Wednesday. The firm has a fifty day moving average price of $5.97 and a 200 day moving average price of $6.10. Franklin Limited Duration Income Trust has a 12 month low of $5.70 and a 12 month high of $6.55.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a $0.0615 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 12.4%.

Franklin Limited Duration Income Trust Profile

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.