Sanctuary Advisors LLC Sells 7,250 Shares of Franklin Universal Trust (NYSE:FT)

Sanctuary Advisors LLC reduced its position in Franklin Universal Trust (NYSE:FT) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 118,249 shares of the financial services provider’s stock after selling 7,250 shares during the period. Sanctuary Advisors LLC owned 0.47% of Franklin Universal Trust worth $893,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FT. HighTower Advisors LLC increased 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 valued at $218,000 after buying an additional 1,354 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in shares of Franklin Universal Trust by 1.1% during the fourth quarter. Uncommon Cents Investing LLC now owns 172,402 shares of the financial services provider’s stock valued at $1,260,000 after acquiring an additional 1,923 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Franklin Universal Trust by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 1,941 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in shares of Franklin Universal Trust by 1.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 660,916 shares of the financial services provider’s stock valued at $4,997,000 after purchasing an additional 7,158 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new stake in Franklin Universal Trust in the 3rd quarter worth approximately $79,000.

Franklin Universal Trust Price Performance

NYSE:FT opened at $7.59 on Friday. Franklin Universal Trust has a twelve month low of $6.34 and a twelve month high of $7.80. The company’s 50 day moving average is $7.47 and its two-hundred day moving average is $7.46.

Franklin Universal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0425 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date of this dividend is Tuesday, February 18th.

About Franklin Universal Trust

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.