Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) shares passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $5.57 and traded as low as $5.36. Franklin Limited Duration Income Trust shares last traded at $5.38, with a volume of 221,451 shares.

Franklin Limited Duration Income Trust Price Performance

The stock has a 50 day moving average of $5.56 and a two-hundred day moving average of $5.74.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be issued a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 14.0%. The ex-dividend date is Wednesday, December 23rd.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of large investors have recently made changes to their positions in the company. Uniting Wealth Partners LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at approximately $58,000. Tactive Advisors LLC purchased a new position in Franklin Limited Duration Income Trust during the 3rd quarter worth approximately $74,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $91,000. Waverly Advisors LLC grew its position in Franklin Limited Duration Income Trust by 22.7% during the 2nd quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock worth $93,000 after purchasing an additional 2,957 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in Franklin Limited Duration Income Trust during the 2nd quarter valued at $99,000.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.