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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty 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 trading hands.

Franklin Limited Duration Income Trust Stock Performance

The firm has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $5.75.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be issued a $0.0615 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.74 annualized dividend and a dividend yield of 13.7%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Shaker Financial Services LLC boosted its holdings in Franklin Limited Duration Income Trust by 22.5% during the third quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock worth $1,781,000 after purchasing an additional 60,997 shares during the last quarter. Byrne Asset Management LLC grew its position in Franklin Limited Duration Income Trust by 1.3% in the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock worth $1,321,000 after purchasing an additional 3,260 shares in the last quarter. Bank of America Corp DE grew its position in Franklin Limited Duration Income Trust by 5.4% in the 1st quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock worth $1,125,000 after purchasing an additional 9,928 shares in the last quarter. Cetera Investment Advisers increased its stake in Franklin Limited Duration Income Trust by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock valued at $1,066,000 after buying an additional 5,210 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in Franklin Limited Duration Income Trust in the 2nd quarter valued at about $899,000.

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.