Franklin Universal Trust (NYSE:FT) Shares Bought by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC grew its holdings in Franklin Universal Trust (NYSE:FT) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 160,850 shares of the financial services provider’s stock after acquiring an additional 6,510 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Franklin Universal Trust were worth $1,070,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in Franklin Universal Trust in the 1st quarter valued at $59,000. Ameriprise Financial Inc. purchased a new stake in shares of Franklin Universal Trust in the third quarter valued at about $65,000. Landscape Capital Management L.L.C. acquired a new position in shares of Franklin Universal Trust during the second quarter worth about $68,000. Cetera Advisor Networks LLC acquired a new position in shares of Franklin Universal Trust during the second quarter worth about $83,000. Finally, Comerica Bank purchased a new position in Franklin Universal Trust during the third quarter worth about $116,000.

Franklin Universal Trust Stock Up 0.5 %

Shares of FT opened at $6.64 on Friday. The stock’s 50 day moving average is $6.50 and its two-hundred day moving average is $6.48. Franklin Universal Trust has a twelve month low of $5.97 and a twelve month high of $7.23.

Franklin Universal Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 19th were issued a $0.0425 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.51 annualized dividend and a dividend yield of 7.69%.

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.