Advisor Group Inc. Raises Holdings in Franklin Universal Trust (FT)
Advisor Group Inc. boosted its position in shares of Franklin Universal Trust (NYSE:FT) by 3.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 29,776 shares of the financial services provider’s stock after acquiring an additional 986 shares during the quarter. Advisor Group Inc. owned about 0.12% of Franklin Universal Trust worth $213,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wells Fargo & Company MN lifted its position in Franklin Universal Trust by 2.8% during the 2nd quarter. Wells Fargo & Company MN now owns 244,985 shares of the financial services provider’s stock worth $1,751,000 after acquiring an additional 6,563 shares during the period. Advisors Asset Management Inc. lifted its position in Franklin Universal Trust by 8.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 798,500 shares of the financial services provider’s stock worth $5,725,000 after acquiring an additional 60,934 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Franklin Universal Trust by 4.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 27,916 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,069 shares during the period. 15.37% of the stock is owned by institutional investors.
Franklin Universal Trust (NYSE FT) opened at 7.29 on Wednesday. The stock has a 50 day moving average price of $7.26 and a 200 day moving average price of $7.20. Franklin Universal Trust has a one year low of $6.20 and a one year high of $7.39.
The business also recently declared a sep 17 dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a dividend of $0.032 per share. This represents a dividend yield of 5.25%. The ex-dividend date of this dividend was Thursday, September 28th.
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Franklin Universal Trust Company Profile
Franklin Universal Trust is a closed-end management investment company. The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. It invests primarily in two asset classes: high yield bonds and utility stocks.
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