Choreo LLC Takes $85,000 Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Choreo LLC purchased a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 13,320 shares of the company’s stock, valued at approximately $85,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Moloney Securities Asset Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the first quarter worth approximately $63,000. Avantax Advisory Services Inc. boosted its holdings in shares of Franklin Limited Duration Income Trust by 10.1% in the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock worth $112,000 after buying an additional 1,650 shares during the last quarter. Powell Investment Advisors LLC boosted its holdings 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 buying an additional 3,693 shares during the last quarter. 9258 Wealth Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the first quarter worth approximately $171,000. Finally, Calamos Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the second quarter worth approximately $181,000.

Franklin Limited Duration Income Trust Price Performance

FTF opened at $6.70 on Friday. Franklin Limited Duration Income Trust has a 12-month low of $5.76 and a 12-month high of $6.81.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 11.01%. The ex-dividend date of this dividend is Thursday, September 19th.

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.