Yakira Capital Management Inc. Cuts Holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Yakira Capital Management Inc. decreased its position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 45.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,904 shares of the company’s stock after selling 59,880 shares during the period. Yakira Capital Management Inc.’s holdings in Franklin Limited Duration Income Trust were worth $483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Anfield Capital Management LLC purchased a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth approximately $57,000. Uniting Wealth Partners LLC purchased a new stake in Franklin Limited Duration Income Trust in the fourth quarter worth $66,000. Commonwealth Equity Services LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at $67,000. Landscape Capital Management L.L.C. bought a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at $85,000. Finally, Virtu Financial LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at $108,000.

Franklin Limited Duration Income Trust Stock Down 4.2 %

Shares of FTF opened at $6.10 on Friday. Franklin Limited Duration Income Trust has a fifty-two week low of $6.00 and a fifty-two week high of $6.83. The business has a 50-day moving average price of $6.53.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.0615 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.74 annualized dividend and a dividend yield of 12.10%.

Franklin Limited Duration Income Trust Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.