Stifel Financial Corp Acquires 2,633 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Stifel Financial Corp lifted its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 17.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,037 shares of the company’s stock after acquiring an additional 2,633 shares during the quarter. Stifel Financial Corp’s holdings in Franklin Limited Duration Income Trust were worth $120,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group raised its position in Franklin Limited Duration Income Trust by 15.7% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock worth $79,000 after purchasing an additional 1,700 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of Franklin Limited Duration Income Trust by 5.9% during the third quarter. SeaCrest Wealth Management LLC now owns 44,561 shares of the company’s stock valued at $297,000 after buying an additional 2,498 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Franklin Limited Duration Income Trust by 30.7% in the 3rd quarter. Avior Wealth Management LLC now owns 23,665 shares of the company’s stock valued at $158,000 after acquiring an additional 5,557 shares during the last quarter. Covenant Partners LLC purchased a new stake in Franklin Limited Duration Income Trust during the 3rd quarter valued at about $69,000. Finally, Choreo LLC bought a new position in Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $85,000.

Franklin Limited Duration Income Trust Stock Up 0.8 %

Shares of Franklin Limited Duration Income Trust stock opened at $6.50 on Tuesday. Franklin Limited Duration Income Trust has a one year low of $6.08 and a one year high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.0615 per share. The ex-dividend date is Monday, December 16th. This represents a $0.74 dividend on an annualized basis and a yield of 11.35%.

About Franklin Limited Duration Income Trust

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.