132,804 Shares in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 132,804 shares of the company’s stock, valued at approximately $880,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Stifel Financial Corp lifted its position in Franklin Limited Duration Income Trust by 17.1% during the 3rd quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock worth $120,000 after buying an additional 2,633 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Franklin Limited Duration Income Trust in the third quarter worth about $130,000. Virtu Financial LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the third quarter worth approximately $108,000. SeaCrest Wealth Management LLC grew its stake in shares of Franklin Limited Duration Income Trust by 7.4% during the fourth quarter. SeaCrest Wealth Management LLC now owns 47,871 shares of the company’s stock valued at $317,000 after purchasing an additional 3,310 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Franklin Limited Duration Income Trust during the 4th quarter worth $168,000.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF opened at $6.10 on Friday. The company has a fifty day moving average price of $6.53. Franklin Limited Duration Income Trust has a 52 week low of $6.00 and a 52 week high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.0615 dividend. This represents a $0.74 annualized dividend and a yield of 12.10%. The ex-dividend date of this dividend was Monday, March 17th.

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.