Raymond James & Associates Reduces Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Raymond James & Associates trimmed its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTFGet Rating) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 507,847 shares of the company’s stock after selling 10,792 shares during the period. Raymond James & Associates’ holdings in Franklin Limited Duration Income Trust were worth $3,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackDiamond Wealth Management Inc. acquired a new stake in Franklin Limited Duration Income Trust during the 2nd quarter valued at approximately $73,000. Landscape Capital Management L.L.C. lifted its stake in Franklin Limited Duration Income Trust by 7.0% during the 2nd quarter. Landscape Capital Management L.L.C. now owns 76,334 shares of the company’s stock valued at $516,000 after acquiring an additional 4,962 shares during the period. Stratos Wealth Partners LTD. lifted its stake in Franklin Limited Duration Income Trust by 7.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 99,965 shares of the company’s stock valued at $676,000 after acquiring an additional 6,858 shares during the period. Wolverine Asset Management LLC lifted its stake in Franklin Limited Duration Income Trust by 507.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 164,355 shares of the company’s stock valued at $1,111,000 after acquiring an additional 137,315 shares during the period. Finally, Shaker Financial Services LLC lifted its stake in Franklin Limited Duration Income Trust by 150.0% during the 2nd quarter. Shaker Financial Services LLC now owns 41,000 shares of the company’s stock valued at $277,000 after acquiring an additional 24,600 shares during the period.

Franklin Limited Duration Income Trust Stock Performance

FTF opened at $6.48 on Friday. Franklin Limited Duration Income Trust has a 1 year low of $5.93 and a 1 year high of $8.29.

Franklin Limited Duration Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Thursday, January 19th will be paid a $0.0595 dividend. This is a boost from Franklin Limited Duration Income Trust’s previous monthly dividend of $0.06. This represents a $0.71 annualized dividend and a dividend yield of 11.02%. The ex-dividend date of this dividend is Wednesday, January 18th.

Franklin Limited Duration Income Trust Profile

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Franklin Ltd. Duration Income Trust is a closed-end investment company. It seeks to provide high, current income, with a secondary objective of capital appreciation to the extent possible and consistent with the Fund’s primary objective, through a portfolio consisting primarily of high-yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities.

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Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

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