First Trust Advisors LP Cuts Stake in Franklin Limited Duration Income Trust (FTF)

First Trust Advisors LP lowered its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 73.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,781 shares of the company’s stock after selling 84,539 shares during the period. First Trust Advisors LP owned about 0.14% of Franklin Limited Duration Income Trust worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC purchased a new stake in Franklin Limited Duration Income Trust during the 2nd quarter valued at about $109,000. Commonwealth Equity Services LLC grew its stake in Franklin Limited Duration Income Trust by 8.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 56,189 shares of the company’s stock valued at $614,000 after acquiring an additional 4,542 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Franklin Limited Duration Income Trust by 15.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 56,453 shares of the company’s stock valued at $616,000 after acquiring an additional 7,553 shares in the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Franklin Limited Duration Income Trust during the 2nd quarter valued at about $864,000. Finally, Guggenheim Capital LLC grew its stake in Franklin Limited Duration Income Trust by 19.2% during the 1st quarter. Guggenheim Capital LLC now owns 366,635 shares of the company’s stock valued at $4,095,000 after acquiring an additional 59,100 shares in the last quarter.

Shares of NYSEAMERICAN FTF opened at $10.16 on Tuesday. Franklin Limited Duration Income Trust has a 12-month low of $10.15 and a 12-month high of $12.13.

The firm also recently disclosed a sep 18 dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.097 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a yield of 10.29%.

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.

Read More: What is a Call Option?

Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Receive News & Ratings for Franklin Limited Duration Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Limited Duration Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply