Apollon Wealth Management LLC Takes $153,000 Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Apollon Wealth Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,075 shares of the company’s stock, valued at approximately $153,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SeaCrest Wealth Management LLC increased its stake in Franklin Limited Duration Income Trust by 5.9% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 44,561 shares of the company’s stock worth $297,000 after buying an additional 2,498 shares in the last quarter. Covenant Partners LLC acquired a new stake in Franklin Limited Duration Income Trust during the 3rd quarter worth $69,000. Pathstone Holdings LLC grew its stake in Franklin Limited Duration Income Trust by 20.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock valued at $11,731,000 after acquiring an additional 300,528 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Franklin Limited Duration Income Trust by 30.7% in the third quarter. Avior Wealth Management LLC now owns 23,665 shares of the company’s stock valued at $158,000 after purchasing an additional 5,557 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings 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 in the last quarter.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF stock opened at $6.70 on Friday. Franklin Limited Duration Income Trust has a 12 month low of $6.08 and a 12 month high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date of this dividend is Tuesday, February 18th.

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.