Ashton Thomas Securities LLC Trims Stake in Franklin Universal Trust $FT

Ashton Thomas Securities LLC cut its position in Franklin Universal Trust (NYSE:FT) by 71.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,150 shares of the financial services provider’s stock after selling 38,400 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Franklin Universal Trust were worth $115,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Franklin Universal Trust by 18.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,259 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 3,286 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Franklin Universal Trust in the 1st quarter valued at $81,000. Advisors Asset Management Inc. raised its position in Franklin Universal Trust by 20.9% in the 1st quarter. Advisors Asset Management Inc. now owns 214,496 shares of the financial services provider’s stock valued at $1,615,000 after purchasing an additional 37,138 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Franklin Universal Trust during the 1st quarter worth $117,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Franklin Universal Trust during the 1st quarter worth $162,000.

Franklin Universal Trust Stock Performance

NYSE FT opened at $8.00 on Friday. The firm’s fifty day moving average is $7.92 and its two-hundred day moving average is $7.63. Franklin Universal Trust has a one year low of $6.71 and a one year high of $8.08.

Franklin Universal Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 18th were paid a $0.0425 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Thursday, September 18th.

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.