Commonwealth Equity Services LLC Lowers Stock Position in Franklin Universal Trust (NYSE:FT)

Commonwealth Equity Services LLC trimmed its holdings in shares of Franklin Universal Trust (NYSE:FT) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,545 shares of the financial services provider’s stock after selling 2,989 shares during the period. Commonwealth Equity Services LLC’s holdings in Franklin Universal Trust were worth $1,196,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Bell Private Wealth Management LLC grew its holdings in Franklin Universal Trust by 17.0% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,210 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 1,632 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Franklin Universal Trust during the 4th quarter worth $614,000. Noble Wealth Management PBC acquired a new position in shares of Franklin Universal Trust during the 4th quarter worth $212,000. Moloney Securities Asset Management LLC increased its holdings in shares of Franklin Universal Trust by 1.9% in the 4th quarter. Moloney Securities Asset Management LLC now owns 673,296 shares of the financial services provider’s stock valued at $4,922,000 after purchasing an additional 12,380 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Franklin Universal Trust by 22.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 118,611 shares of the financial services provider’s stock valued at $867,000 after purchasing an additional 21,488 shares during the period.

Franklin Universal Trust Price Performance

FT stock opened at $7.50 on Monday. The company’s 50-day moving average price is $7.55 and its 200 day moving average price is $7.52. Franklin Universal Trust has a 52 week low of $6.34 and a 52 week high of $7.80.

Franklin Universal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0425 dividend. This represents a $0.51 annualized dividend and a yield of 6.80%. The ex-dividend date of this dividend is Monday, March 17th.

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.