Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.79 and traded as low as $5.68. Franklin Limited Duration Income Trust shares last traded at $5.70, with a volume of 92,023 shares changing hands.

Franklin Limited Duration Income Trust Trading Down 0.4%

The stock has a 50-day moving average price of $5.79 and a two-hundred day moving average price of $5.85.

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 issued a dividend of $0.0615 per share. This represents a c) annualized dividend and a yield of 13.0%. The ex-dividend date is Wednesday, September 23rd.

Institutional Trading of Franklin Limited Duration Income Trust

Hedge funds have recently modified their holdings of the company. Uniting Wealth Partners LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the second quarter valued at $58,000. BlackDiamond Wealth Management LLC purchased a new stake in Franklin Limited Duration Income Trust during the fourth quarter valued at $63,000. Stephens Inc. AR purchased a new stake in Franklin Limited Duration Income Trust during the fourth quarter valued at $68,000. Global Retirement Partners LLC bought a new position in Franklin Limited Duration Income Trust during the fourth quarter valued at $89,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in Franklin Limited Duration Income Trust during the second quarter valued at $91,000.

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.