Cetera Investment Advisers Sells 51,020 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Cetera Investment Advisers reduced its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 888,578 shares of the company’s stock after selling 51,020 shares during the quarter. Cetera Investment Advisers’ holdings in Franklin Limited Duration Income Trust were worth $5,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTF. Moloney Securities Asset Management LLC acquired a new position in Franklin Limited Duration Income Trust during the first quarter valued at approximately $63,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of Franklin Limited Duration Income Trust by 15.7% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock valued at $79,000 after buying an additional 1,700 shares during the last quarter. Choreo LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at approximately $85,000. Avantax Advisory Services Inc. grew its stake in shares of Franklin Limited Duration Income Trust by 10.1% in the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after buying an additional 1,650 shares in the last quarter. Finally, Powell Investment Advisors LLC increased its holdings in Franklin Limited Duration Income Trust by 25.2% during the first quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after buying an additional 3,693 shares during the last quarter.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN FTF opened at $6.73 on Wednesday. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.82.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 17th will be issued a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a dividend yield of 10.97%. The ex-dividend date is Thursday, October 17th.

Franklin Limited Duration Income Trust 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.