Franklin Limited Duration Income Trust (FTF) To Go Ex-Dividend on November 17th

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Friday, November 7th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.0615 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Monday, November 17th.

Franklin Limited Duration Income Trust Stock Performance

Shares of NYSEAMERICAN FTF traded down $0.01 during midday trading on Friday, reaching $6.11. 142,869 shares of the company were exchanged, compared to its average volume of 180,662. The stock’s 50-day moving average price is $6.29 and its 200-day moving average price is $6.37. Franklin Limited Duration Income Trust has a one year low of $5.57 and a one year high of $6.75.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Franklin Limited Duration Income Trust by 349.2% during the first quarter. Envestnet Asset Management Inc. now owns 72,822 shares of the company’s stock worth $470,000 after purchasing an additional 56,612 shares during the period. D.A. Davidson & CO. bought a new position in Franklin Limited Duration Income Trust during the 2nd quarter worth $98,000. Choreo LLC grew its position in shares of Franklin Limited Duration Income Trust by 24.6% in the 1st quarter. Choreo LLC now owns 22,402 shares of the company’s stock valued at $145,000 after buying an additional 4,420 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Franklin Limited Duration Income Trust by 67.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 56,408 shares of the company’s stock valued at $362,000 after buying an additional 22,650 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of Franklin Limited Duration Income Trust by 61.3% in the first quarter. Cetera Investment Advisers now owns 75,404 shares of the company’s stock valued at $487,000 after buying an additional 28,657 shares during the period.

Franklin Limited Duration Income Trust Company 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.