Kingsview Wealth Management LLC Buys New Stake in Franklin Limited Duration Income Trust $FTF

Kingsview Wealth Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 155,207 shares of the company’s stock, valued at approximately $899,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Uniting Wealth Partners LLC acquired a new stake in Franklin Limited Duration Income Trust in the second quarter worth about $58,000. BlackDiamond Wealth Management LLC acquired a new position in Franklin Limited Duration Income Trust during the 4th quarter valued at about $63,000. Stephens Inc. AR bought a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth about $68,000. Global Retirement Partners LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 4th quarter worth about $89,000. Finally, Integrity Advisory Solutions LLC lifted its stake in shares of Franklin Limited Duration Income Trust by 17.1% in the 4th quarter. Integrity Advisory Solutions LLC now owns 18,404 shares of the company’s stock worth $113,000 after acquiring an additional 2,684 shares during the period.

Franklin Limited Duration Income Trust Stock Performance

Franklin Limited Duration Income Trust stock opened at $5.80 on Monday. Franklin Limited Duration Income Trust has a 12-month low of $5.68 and a 12-month high of $6.52. The firm has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $5.88.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be paid a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.