Shaker Financial Services LLC raised its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 55.4% in the 1st quarter, Holdings Channel reports. The firm owned 120,865 shares of the company’s stock after purchasing an additional 43,087 shares during the quarter. Shaker Financial Services LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,164,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of FTF. Ford Financial Group Inc. purchased a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth approximately $1,268,000. Koshinski Asset Management Inc. boosted its stake in shares of Franklin Limited Duration Income Trust by 70.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 276,630 shares of the company’s stock valued at $2,496,000 after purchasing an additional 114,261 shares during the period. Ellis Investment Partners LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the first quarter valued at $39,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Franklin Limited Duration Income Trust by 10.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 129,129 shares of the company’s stock valued at $1,244,000 after purchasing an additional 12,305 shares during the period. Finally, First Allied Advisory Services Inc. boosted its stake in shares of Franklin Limited Duration Income Trust by 43.9% in the first quarter. First Allied Advisory Services Inc. now owns 34,797 shares of the company’s stock valued at $337,000 after purchasing an additional 10,623 shares during the period.

Shares of FTF stock traded up $0.05 on Thursday, hitting $9.67. The stock had a trading volume of 1,108 shares, compared to its average volume of 106,033. Franklin Limited Duration Income Trust has a 52-week low of $8.60 and a 52-week high of $11.55.

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.087 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.04 dividend on an annualized basis and a yield of 10.80%.

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Franklin Limited Duration Income Trust Company Profile

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.

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Want to see what other hedge funds are holding FTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF).

Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

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