Janney Montgomery Scott LLC Makes New Investment in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Janney Montgomery Scott LLC bought a new position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,384 shares of the company’s stock, valued at approximately $168,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at $7,646,000. Pathstone Holdings LLC grew its stake in Franklin Limited Duration Income Trust by 20.6% in the 3rd quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock valued at $11,731,000 after buying an additional 300,528 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Franklin Limited Duration Income Trust by 204.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 289,400 shares of the company’s stock valued at $1,930,000 after buying an additional 194,407 shares during the last quarter. Encompass More Asset Management acquired a new position in Franklin Limited Duration Income Trust in the 3rd quarter valued at $577,000. Finally, Jane Street Group LLC acquired a new position in Franklin Limited Duration Income Trust in the 3rd quarter valued at $130,000.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN:FTF opened at $6.69 on Friday. Franklin Limited Duration Income Trust has a 1 year low of $6.08 and a 1 year high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.0615 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.74 annualized dividend and a yield of 11.03%.

About Franklin Limited Duration Income Trust

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.