Franklin Limited Duration Income Trust $FTF Stock: International Assets Investment Management LLC Cuts Position

International Assets Investment Management LLC trimmed its stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 96.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,717 shares of the company’s stock after selling 166,326 shares during the period. International Assets Investment Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Uniting Wealth Partners LLC bought a new position in Franklin Limited Duration Income Trust in the second quarter worth about $58,000. Tactive Advisors LLC purchased a new position in Franklin Limited Duration Income Trust during the 3rd quarter worth $74,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Franklin Limited Duration Income Trust during the 2nd quarter valued at about $91,000. Waverly Advisors LLC raised its stake in Franklin Limited Duration Income Trust by 22.7% in the second quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock valued at $93,000 after buying an additional 2,957 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Franklin Limited Duration Income Trust in the second quarter valued at about $99,000.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF remained flat at $5.43 during trading on Friday. The company’s stock had a trading volume of 308,869 shares, compared to its average volume of 206,784. Franklin Limited Duration Income Trust has a fifty-two week low of $5.27 and a fifty-two week high of $6.29. The firm’s fifty day moving average is $5.49 and its 200 day moving average is $5.80.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be given a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Wednesday, December 23rd.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while pursuing capital preservation through a diversified portfolio of fixed-income investments with limited interest-rate sensitivity.

The fund invests primarily in below-investment-grade and investment-grade debt securities, including senior secured floating-rate loans, high-yield corporate bonds, and other income-producing instruments.