Wolverine Asset Management LLC Increases Holdings in Franklin Universal Trust (NYSE:FT)

Wolverine Asset Management LLC grew its holdings in Franklin Universal Trust (NYSE:FT) by 4,159.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,829 shares of the financial services provider’s stock after acquiring an additional 69,166 shares during the period. Wolverine Asset Management LLC’s holdings in Franklin Universal Trust were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in FT. Uncommon Cents Investing LLC lifted its position in shares of Franklin Universal Trust by 5.6% in the third quarter. Uncommon Cents Investing LLC now owns 154,340 shares of the financial services provider’s stock valued at $980,000 after acquiring an additional 8,129 shares in the last quarter. Raymond James & Associates lifted its position in shares of Franklin Universal Trust by 6.6% in the third quarter. Raymond James & Associates now owns 52,094 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 3,215 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Franklin Universal Trust by 4.7% in the third quarter. Janney Montgomery Scott LLC now owns 243,725 shares of the financial services provider’s stock worth $1,548,000 after buying an additional 11,009 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Franklin Universal Trust by 48.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 543,700 shares of the financial services provider’s stock worth $3,616,000 after buying an additional 176,355 shares in the last quarter.

Franklin Universal Trust Trading Up 0.3 %

NYSE:FT opened at $6.57 on Friday. Franklin Universal Trust has a 12 month low of $5.97 and a 12 month high of $7.06. The business’s 50-day moving average is $6.52 and its 200 day moving average is $6.49.

Franklin Universal Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 17th will be given a $0.0425 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 7.76%.

Franklin Universal Trust 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.