Franklin Limited Duration Income Trust $FTF Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 322.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 125,393 shares of the company’s stock after buying an additional 95,745 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Procyon Advisors LLC acquired a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth $67,000. Azzad Asset Management Inc. ADV acquired a new stake in Franklin Limited Duration Income Trust during the third quarter worth $67,000. Kovack Advisors Inc. acquired a new stake in Franklin Limited Duration Income Trust during the third quarter worth $67,000. Stephens Inc. AR acquired a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth $68,000. Finally, Global Retirement Partners LLC acquired a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth $89,000.

Franklin Limited Duration Income Trust Price Performance

FTF stock opened at $5.85 on Tuesday. The business has a fifty day moving average of $5.88 and a two-hundred day moving average of $6.03. Franklin Limited Duration Income Trust has a 52-week low of $5.70 and a 52-week high of $6.55.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.0615 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

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.