Shaker Financial Services LLC Lowers Holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Shaker Financial Services LLC trimmed its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 22.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 394,864 shares of the company’s stock after selling 115,350 shares during the period. Shaker Financial Services LLC’s holdings in Franklin Limited Duration Income Trust were worth $2,634,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the second quarter worth $5,064,000. Avantax Advisory Services Inc. boosted its position in shares of Franklin Limited Duration Income Trust by 10.1% during 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 period. Cetera Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the first quarter worth $5,621,000. Cetera Investment Advisers boosted its position in shares of Franklin Limited Duration Income Trust by 2.6% during the first quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock worth $5,891,000 after buying an additional 23,440 shares during the period. Finally, Capital Wealth Alliance LLC raised its stake in shares of Franklin Limited Duration Income Trust by 2.8% in the second quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock valued at $537,000 after acquiring an additional 2,345 shares in the last quarter.

Franklin Limited Duration Income Trust Stock Performance

Shares of NYSEAMERICAN FTF opened at $6.54 on Thursday. Franklin Limited Duration Income Trust has a 12-month low of $6.04 and a 12-month high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were given a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date of this dividend was Thursday, October 17th.

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.