Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.15 and traded as low as $5.90. Franklin Limited Duration Income Trust shares last traded at $5.94, with a volume of 324,959 shares trading hands.

Franklin Limited Duration Income Trust Stock Performance

The company has a fifty day simple moving average of $6.15 and a 200-day simple moving average of $6.20.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be given a $0.0615 dividend. This represents a c) annualized dividend and a dividend yield of 12.4%. The ex-dividend date is Tuesday, March 24th.

Institutional Trading of Franklin Limited Duration Income Trust

Several large investors have recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Franklin Limited Duration Income Trust in the third quarter valued at $32,000. BlackDiamond Wealth Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter valued at $63,000. Kovack Advisors Inc. purchased a new position in shares of Franklin Limited Duration Income Trust during the third quarter valued at $67,000. Azzad Asset Management Inc. ADV acquired a new position in Franklin Limited Duration Income Trust during the third quarter valued at $67,000. Finally, Procyon Advisors LLC purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth about $67,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.