GraniteShares Advisors LLC Trims Stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

GraniteShares Advisors LLC reduced its position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,317 shares of the company’s stock after selling 2,408 shares during the quarter. Franklin Limited Duration Income Trust accounts for approximately 1.3% of GraniteShares Advisors LLC’s holdings, making the stock its 29th biggest holding. GraniteShares Advisors LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,399,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group increased its position in shares of Franklin Limited Duration Income Trust by 82.4% during the first quarter. Oliver Lagore Vanvalin Investment Group now owns 9,119 shares of the company’s stock worth $56,000 after acquiring an additional 4,119 shares during the period. XTX Topco Ltd purchased a new position in shares of Franklin Limited Duration Income Trust during the first quarter worth approximately $73,000. Virtu Financial LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter worth approximately $78,000. Bank of Montreal Can purchased a new position in Franklin Limited Duration Income Trust during the second quarter valued at approximately $80,000. Finally, Avantax Advisory Services Inc. purchased a new position in Franklin Limited Duration Income Trust during the first quarter valued at approximately $84,000.

Franklin Limited Duration Income Trust Trading Up 1.5 %

Shares of FTF opened at $6.14 on Wednesday. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.60.

Franklin Limited Duration Income Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.0576 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.69 annualized dividend and a dividend yield of 11.26%.

About Franklin Limited Duration Income Trust

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.