Franklin Universal Trust $FT Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Franklin Universal Trust (NYSE:FT) by 39.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,340 shares of the financial services provider’s stock after selling 82,843 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.51% of Franklin Universal Trust worth $1,027,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in shares of Franklin Universal Trust by 102.9% during the third quarter. Advisors Asset Management Inc. now owns 429,450 shares of the financial services provider’s stock worth $3,453,000 after purchasing an additional 217,780 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Franklin Universal Trust in the third quarter valued at approximately $343,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Franklin Universal Trust in the third quarter valued at approximately $197,000. CoreCap Advisors LLC grew its holdings in shares of Franklin Universal Trust by 535.6% in the third quarter. CoreCap Advisors LLC now owns 27,109 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 22,844 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Franklin Universal Trust during the 3rd quarter worth approximately $133,000.

Franklin Universal Trust Trading Up 0.6%

Franklin Universal Trust stock opened at $8.15 on Friday. Franklin Universal Trust has a 52-week low of $6.71 and a 52-week high of $8.35. The company’s 50 day moving average is $8.14 and its two-hundred day moving average is $8.05.

Franklin Universal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.0425 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, March 24th.

About Franklin Universal Trust

Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.

The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.