84,011 Shares in Franklin Universal Trust (NYSE:FT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Franklin Universal Trust (NYSE:FT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 84,011 shares of the financial services provider’s stock, valued at approximately $614,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Noble Wealth Management PBC bought a new position in shares of Franklin Universal Trust in the 4th quarter worth $212,000. Moloney Securities Asset Management LLC grew its position in Franklin Universal Trust by 1.9% in the fourth quarter. Moloney Securities Asset Management LLC now owns 673,296 shares of the financial services provider’s stock worth $4,922,000 after acquiring an additional 12,380 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Franklin Universal Trust by 22.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 118,611 shares of the financial services provider’s stock worth $867,000 after acquiring an additional 21,488 shares in the last quarter. Uncommon Cents Investing LLC increased its stake in Franklin Universal Trust by 1.1% in 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 during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Franklin Universal Trust during the third quarter valued at about $88,000.

Franklin Universal Trust Trading Down 4.1 %

FT opened at $7.16 on Monday. The stock has a 50-day moving average price of $7.54 and a 200-day moving average price of $7.52. Franklin Universal Trust has a 12-month low of $6.34 and a 12-month high of $7.80.

Franklin Universal Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.0425 dividend. This represents a $0.51 annualized dividend and a yield of 7.12%. The ex-dividend date was Monday, March 17th.

Franklin Universal Trust Profile

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.