Franklin Universal Trust (NYSE:FT) Holdings Lifted by Stifel Financial Corp

Stifel Financial Corp grew its holdings in shares of Franklin Universal Trust (NYSE:FT) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 256,582 shares of the financial services provider’s stock after buying an additional 11,047 shares during the period. Stifel Financial Corp’s holdings in Franklin Universal Trust were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Franklin Universal Trust by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock worth $734,000 after buying an additional 1,941 shares during the period. Commonwealth Equity Services LLC raised its stake in Franklin Universal Trust by 654.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 151,663 shares of the financial services provider’s stock valued at $1,033,000 after purchasing an additional 131,558 shares during the period. Wolverine Asset Management LLC lifted its stake in Franklin Universal Trust by 3.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 145,638 shares of the financial services provider’s stock worth $992,000 after acquiring an additional 5,192 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Franklin Universal Trust during the second quarter worth approximately $843,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of 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 buying an additional 13,494 shares during the period.

Franklin Universal Trust Trading Down 0.8 %

Shares of NYSE:FT opened at $7.22 on Friday. Franklin Universal Trust has a 1 year low of $6.34 and a 1 year high of $7.80. The business has a fifty day simple moving average of $7.56 and a 200 day simple moving average of $7.26.

Franklin Universal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date is Monday, December 16th.

Franklin Universal Trust Company Profile

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.