Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Share Price Crosses Above 50 Day Moving Average of $0.00

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $6.60. Franklin Limited Duration Income Trust shares last traded at $6.50, with a volume of 264,665 shares.

Franklin Limited Duration Income Trust Trading Down 0.8 %

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th were paid a dividend of $0.0615 per share. The ex-dividend date of this dividend was Thursday, July 18th. This represents a $0.74 annualized dividend and a yield of 11.35%.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTF. Allspring Global Investments Holdings LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth $5,064,000. Calamos Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth $181,000. Capital Wealth Alliance LLC raised its holdings in shares of Franklin Limited Duration Income Trust by 2.8% during the 2nd quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock worth $537,000 after acquiring an additional 2,345 shares during the period. Cetera Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 1st quarter worth $5,621,000. Finally, Cetera Investment Advisers raised its holdings in shares of Franklin Limited Duration Income Trust by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock worth $5,891,000 after acquiring an additional 23,440 shares during the period.

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.