Moors & Cabot Inc. Invests $133,000 in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Moors & Cabot Inc. acquired a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,500 shares of the company’s stock, valued at approximately $133,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FTF. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of Franklin Limited Duration Income Trust by 82.4% in the first quarter. Oliver Lagore Vanvalin Investment Group now owns 9,119 shares of the company’s stock valued at $56,000 after acquiring an additional 4,119 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Franklin Limited Duration Income Trust in the first quarter valued at about $73,000. Virtu Financial LLC purchased a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at about $78,000. Bank of Montreal Can purchased a new position in Franklin Limited Duration Income Trust in the second quarter valued at about $80,000. Finally, Avantax Advisory Services Inc. purchased a new position in Franklin Limited Duration Income Trust in the first quarter valued at about $84,000.

Franklin Limited Duration Income Trust Stock Performance

FTF opened at $6.15 on Tuesday. Franklin Limited Duration Income Trust has a 1 year low of $5.76 and a 1 year high of $6.60.

Franklin Limited Duration Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.0576 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 11.25%.

Franklin Limited Duration Income Trust 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.