Franklin Universal Trust $FT Shares Acquired by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC increased its holdings in Franklin Universal Trust (NYSE:FT) by 11.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,453 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the quarter. Clear Creek Financial Management LLC owned approximately 0.12% of Franklin Universal Trust worth $224,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FT. Advisors Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 37,138 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Franklin Universal Trust in the 1st quarter valued at $162,000. Goldman Sachs Group Inc. acquired a new position in Franklin Universal Trust in the 1st quarter valued at $117,000. Oppenheimer & Co. Inc. acquired a new position in Franklin Universal Trust in the 1st quarter valued at $81,000. Finally, MB Levis & Associates LLC acquired a new position in Franklin Universal Trust in the 1st quarter valued at $77,000.

Franklin Universal Trust Price Performance

Shares of FT opened at $8.06 on Friday. The company’s fifty day moving average is $7.95 and its two-hundred day moving average is $7.64. Franklin Universal Trust has a 1 year low of $6.71 and a 1 year high of $8.15.

Franklin Universal Trust Announces Dividend

The company also recently disclosed a oct 25 dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $0.0425 dividend. This represents a yield of 636.0%. The ex-dividend date of this dividend is Friday, October 17th.

Franklin Universal Trust Company 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.