132,804 Shares in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 132,804 shares of the company’s stock, valued at approximately $880,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in Franklin Limited Duration Income Trust by 17.1% in the 3rd quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock valued at $120,000 after buying an additional 2,633 shares during the last quarter. Jane Street Group LLC bought a new stake in Franklin Limited Duration Income Trust during the third quarter valued at about $130,000. Virtu Financial LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the third quarter valued at about $108,000. SeaCrest Wealth Management LLC increased its stake in shares of Franklin Limited Duration Income Trust by 7.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 47,871 shares of the company’s stock worth $317,000 after purchasing an additional 3,310 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth about $168,000.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF stock opened at $6.10 on Friday. Franklin Limited Duration Income Trust has a 1 year low of $6.00 and a 1 year high of $6.83. The business’s fifty day moving average is $6.53.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.0615 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 12.10%.

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.