Franklin Limited Duration Income Trust $FTF Shares Purchased by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 2,180.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,041 shares of the company’s stock after buying an additional 243,859 shares during the period. Wolverine Asset Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its holdings in shares of Franklin Limited Duration Income Trust by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 1,068,252 shares of the company’s stock valued at $6,805,000 after purchasing an additional 27,423 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Franklin Limited Duration Income Trust by 3.8% in the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock valued at $5,277,000 after purchasing an additional 30,220 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Franklin Limited Duration Income Trust by 3.2% in the third quarter. Shaker Financial Services LLC now owns 693,377 shares of the company’s stock valued at $4,417,000 after purchasing an additional 21,224 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $3,023,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Franklin Limited Duration Income Trust by 3.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 471,936 shares of the company’s stock valued at $3,006,000 after purchasing an additional 15,358 shares during the last quarter.

Franklin Limited Duration Income Trust Stock Performance

Franklin Limited Duration Income Trust stock opened at $5.89 on Wednesday. Franklin Limited Duration Income Trust has a 12-month low of $5.70 and a 12-month high of $6.55. The company has a 50-day moving average price of $5.93 and a 200 day moving average price of $6.07.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.0615 per share. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date is Tuesday, June 23rd.

Franklin Limited Duration Income Trust 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.