Moloney Securities Asset Management LLC Boosts Stake in Franklin Universal Trust (NYSE:FT)

Moloney Securities Asset Management LLC increased its position in Franklin Universal Trust (NYSE:FT) by 1.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 673,296 shares of the financial services provider’s stock after purchasing an additional 12,380 shares during the period. Moloney Securities Asset Management LLC owned 2.68% of Franklin Universal Trust worth $4,922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Franklin Universal Trust by 22.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 118,611 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 21,488 shares during the last quarter. Uncommon Cents Investing LLC raised its stake in Franklin Universal Trust by 1.1% during the 4th quarter. Uncommon Cents Investing LLC now owns 172,402 shares of the financial services provider’s stock valued at $1,260,000 after acquiring an additional 1,923 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in Franklin Universal Trust during the 3rd quarter valued at approximately $88,000. Stifel Financial Corp raised its stake in Franklin Universal Trust by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 256,582 shares of the financial services provider’s stock valued at $1,940,000 after acquiring an additional 11,047 shares during the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Franklin Universal Trust by 11.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 13,494 shares during the last quarter.

Franklin Universal Trust Stock Up 0.3 %

FT opened at $7.61 on Friday. The business has a 50 day moving average price of $7.46 and a two-hundred day moving average price of $7.41. Franklin Universal Trust has a 52 week low of $6.34 and a 52 week high of $7.80.

Franklin Universal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were paid a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a yield of 6.70%. The ex-dividend date was Tuesday, January 21st.

About Franklin Universal Trust

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.