Stifel Financial Corp Buys 11,047 Shares of Franklin Universal Trust (NYSE:FT)

Stifel Financial Corp lifted its position in Franklin Universal Trust (NYSE:FT) by 4.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 256,582 shares of the financial services provider’s stock after purchasing an additional 11,047 shares during the period. Stifel Financial Corp’s holdings in Franklin Universal Trust were worth $1,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in shares of Franklin Universal Trust by 11.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 13,494 shares during the last quarter. HighTower Advisors LLC raised its stake in Franklin Universal Trust by 4.9% during the 3rd quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 1,354 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Franklin Universal Trust in the 3rd quarter valued at $79,000. Moloney Securities Asset Management LLC grew its position in Franklin Universal Trust by 1.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 660,916 shares of the financial services provider’s stock worth $4,997,000 after purchasing an additional 7,158 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Franklin Universal Trust by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 1,941 shares during the period.

Franklin Universal Trust Stock Down 0.8 %

Franklin Universal Trust stock opened at $7.22 on Friday. The business has a 50 day moving average price of $7.56 and a two-hundred day moving average price of $7.26. Franklin Universal Trust has a 12 month low of $6.34 and a 12 month high of $7.80.

Franklin Universal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.0425 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.51 annualized dividend and a yield of 7.06%.

Franklin Universal Trust Company Profile

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.