Franklin Universal Trust (NYSE:FT) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Franklin Universal Trust (NYSE:FT) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,123 shares of the financial services provider’s stock after buying an additional 1,941 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Franklin Universal Trust were worth $734,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FT. Cetera Advisors LLC acquired a new position in Franklin Universal Trust in the 1st quarter valued at $514,000. Hennion & Walsh Asset Management Inc. raised its stake in Franklin Universal Trust by 18.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 262,024 shares of the financial services provider’s stock valued at $1,784,000 after purchasing an additional 41,353 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in Franklin Universal Trust by 4.3% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 653,758 shares of the financial services provider’s stock valued at $4,452,000 after purchasing an additional 26,843 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Franklin Universal Trust by 654.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 151,663 shares of the financial services provider’s stock valued at $1,033,000 after purchasing an additional 131,558 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in Franklin Universal Trust by 3.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 145,638 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 5,192 shares during the last quarter.

Franklin Universal Trust Price Performance

NYSE FT opened at $7.51 on Monday. The business has a fifty day moving average price of $7.51 and a 200 day moving average price of $7.13. Franklin Universal Trust has a one year low of $6.34 and a one year high of $7.69.

Franklin Universal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a $0.0425 dividend. This represents a $0.51 annualized dividend and a yield of 6.79%. The ex-dividend date of this dividend is Monday, November 18th.

Franklin Universal Trust 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.