Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Cross Below Fifty Day Moving Average – What’s Next?

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $5.47 and traded as low as $5.44. Franklin Limited Duration Income Trust shares last traded at $5.46, with a volume of 179,560 shares changing hands.

Franklin Limited Duration Income Trust Stock Performance

The company’s 50 day moving average price is $5.47 and its 200-day moving average price is $5.79.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be paid a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 13.5%. The ex-dividend date of this dividend is Wednesday, December 23rd.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Franklin Limited Duration Income Trust during the third quarter worth $3,722,000. Private Advisor Group LLC lifted its holdings in Franklin Limited Duration Income Trust by 28.3% in the third quarter. Private Advisor Group LLC now owns 81,117 shares of the company’s stock valued at $435,000 after buying an additional 17,907 shares during the period. International Assets Investment Management LLC lifted its holdings in Franklin Limited Duration Income Trust by 29.6% in the third quarter. International Assets Investment Management LLC now owns 224,326 shares of the company’s stock valued at $1,200,000 after buying an additional 51,283 shares during the period. Kestra Advisory Services LLC lifted its holdings in Franklin Limited Duration Income Trust by 21.7% in the third quarter. Kestra Advisory Services LLC now owns 221,632 shares of the company’s stock valued at $1,188,000 after buying an additional 39,471 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in Franklin Limited Duration Income Trust in the third quarter valued at $349,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-end investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while pursuing capital preservation through a diversified portfolio of fixed-income investments with limited interest-rate sensitivity. The fund invests primarily in below-investment-grade and investment-grade debt securities, including senior secured floating-rate loans, high-yield corporate bonds, and other income-producing instruments.