Raymond James Financial Services Advisors Inc. Sells 21,490 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Rating) by 17.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,143 shares of the company’s stock after selling 21,490 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Franklin Limited Duration Income Trust were worth $619,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Koshinski Asset Management Inc. raised its position in shares of Franklin Limited Duration Income Trust by 1.6% during the third quarter. Koshinski Asset Management Inc. now owns 196,247 shares of the company’s stock worth $1,213,000 after purchasing an additional 3,063 shares during the period. Private Advisor Group LLC raised its position in shares of Franklin Limited Duration Income Trust by 70.9% during the third quarter. Private Advisor Group LLC now owns 75,293 shares of the company’s stock worth $465,000 after purchasing an additional 31,243 shares during the period. Brown Advisory Inc. raised its position in shares of Franklin Limited Duration Income Trust by 39.8% during the second quarter. Brown Advisory Inc. now owns 20,970 shares of the company’s stock worth $142,000 after purchasing an additional 5,970 shares during the period. Mariner Investment Group LLC raised its position in shares of Franklin Limited Duration Income Trust by 94.6% during the second quarter. Mariner Investment Group LLC now owns 86,615 shares of the company’s stock worth $586,000 after purchasing an additional 42,106 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Franklin Limited Duration Income Trust by 1.9% during the second quarter. Cetera Investment Advisers now owns 1,103,346 shares of the company’s stock worth $7,459,000 after purchasing an additional 20,678 shares during the period.

Franklin Limited Duration Income Trust Price Performance

NYSEAMERICAN FTF opened at $6.47 on Wednesday. Franklin Limited Duration Income Trust has a 12 month low of $5.93 and a 12 month high of $8.29.

Franklin Limited Duration Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Thursday, January 19th will be given a $0.0595 dividend. This is a positive change from Franklin Limited Duration Income Trust’s previous monthly dividend of $0.06. This represents a $0.71 dividend on an annualized basis and a yield of 11.04%. 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.