Franklin Universal Trust (NYSE:FT) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in Franklin Universal Trust (NYSE:FT) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,545 shares of the financial services provider’s stock after selling 2,989 shares during the period. Commonwealth Equity Services LLC owned about 0.65% of Franklin Universal Trust worth $1,196,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC grew its position in shares of Franklin Universal Trust by 17.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,210 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 1,632 shares during the last quarter. Arete Wealth Advisors LLC acquired a new stake in Franklin Universal Trust during the 3rd quarter worth $88,000. Noble Wealth Management PBC acquired a new stake in Franklin Universal Trust during the 4th quarter worth $212,000. HighTower Advisors LLC grew its position in Franklin Universal Trust by 4.9% during the 3rd quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Franklin Universal Trust in the fourth quarter valued at $614,000.

Franklin Universal Trust Trading Up 0.3 %

Shares of FT opened at $7.50 on Monday. Franklin Universal Trust has a fifty-two week low of $6.34 and a fifty-two week high of $7.80. The firm has a 50-day simple moving average of $7.55 and a 200-day simple moving average of $7.52.

Franklin Universal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.51 dividend on an annualized basis and a yield of 6.80%.

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.