Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Pass Above 50-Day Moving Average – What’s Next?

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.16 and traded as high as $6.21. Franklin Limited Duration Income Trust shares last traded at $6.19, with a volume of 117,218 shares changing hands.

Franklin Limited Duration Income Trust Price Performance

The business has a 50-day moving average of $6.16 and a 200-day moving average of $6.25.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a dividend of $0.0615 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

Institutional Trading of Franklin Limited Duration Income Trust

Several institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in shares of Franklin Limited Duration Income Trust in the second quarter worth about $98,000. Creative Financial Designs Inc. ADV boosted its position in Franklin Limited Duration Income Trust by 67.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 56,408 shares of the company’s stock valued at $362,000 after buying an additional 22,650 shares during the period. Penserra Capital Management LLC grew its stake in Franklin Limited Duration Income Trust by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,108,227 shares of the company’s stock worth $7,114,000 after acquiring an additional 32,741 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Franklin Limited Duration Income Trust by 25.0% during the second quarter. Advisors Asset Management Inc. now owns 1,040,829 shares of the company’s stock worth $6,682,000 after acquiring an additional 208,236 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the second quarter valued at approximately $173,000.

Franklin Limited Duration Income Trust Company 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.