Raymond James Trust N.A. Takes $79,000 Position in Franklin Universal Trust (NYSE:FT)

Raymond James Trust N.A. purchased a new stake in Franklin Universal Trust (NYSE:FT) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,484 shares of the financial services provider’s stock, valued at approximately $79,000.

A number of other large investors have also added to or reduced their stakes in FT. Janney Montgomery Scott LLC lifted its holdings in shares of Franklin Universal Trust by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 1,941 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Franklin Universal Trust by 3.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 145,638 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 5,192 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of Franklin Universal Trust by 1.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 660,916 shares of the financial services provider’s stock valued at $4,997,000 after purchasing an additional 7,158 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Franklin Universal Trust by 18.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 262,024 shares of the financial services provider’s stock valued at $1,784,000 after purchasing an additional 41,353 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Franklin Universal Trust during the 1st quarter worth $514,000.

Franklin Universal Trust Stock Up 0.5 %

NYSE:FT opened at $7.73 on Friday. Franklin Universal Trust has a twelve month low of $6.34 and a twelve month high of $7.75. The stock’s 50-day simple moving average is $7.55 and its 200 day simple moving average is $7.18.

Franklin Universal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Monday, November 18th.

About Franklin Universal Trust

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.