SeaCrest Wealth Management LLC Trims Stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

SeaCrest Wealth Management LLC lowered its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 6.4% during the first quarter, Holdings Channel reports. The fund owned 43,822 shares of the company’s stock after selling 3,009 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $275,000 at the end of the most recent reporting period.

Separately, Powell Investment Advisors LLC boosted its position in shares of Franklin Limited Duration Income Trust by 25.2% in the first quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after acquiring an additional 3,693 shares during the last quarter.

Franklin Limited Duration Income Trust Price Performance

Franklin Limited Duration Income Trust stock opened at $6.45 on Thursday. Franklin Limited Duration Income Trust has a 1 year low of $5.76 and a 1 year high of $6.56.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th were issued a dividend of $0.0615 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.44%.

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.