Franklin Universal Trust (NYSE:FT) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Shares of Franklin Universal Trust (NYSE:FT) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $7.42 and traded as low as $7.19. Franklin Universal Trust shares last traded at $7.29, with a volume of 80,120 shares trading hands.

Franklin Universal Trust Price Performance

The business’s 50 day moving average is $7.40 and its 200 day moving average is $7.82.

Franklin Universal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be issued a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Wednesday, December 23rd.

Hedge Funds Weigh In On Franklin Universal Trust

A hedge fund recently bought a new position in Franklin Universal Trust stock. Independent Financial Group LLC purchased a new position in shares of Franklin Universal Trust (NYSE:FT) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 12,362 shares of the financial services provider’s stock, valued at approximately $99,000.

Franklin Universal Trust Company Profile

Franklin Universal Trust (NYSE: FT) is a diversified closed-end investment company managed by Franklin Advisers, Inc, an affiliate of Franklin Templeton. The fund seeks to provide high current income and long-term capital appreciation by investing in a portfolio of debt and equity securities.

The trust invests across a range of issuers and industries, including utility companies and other income-oriented businesses. Its portfolio may include corporate bonds, preferred securities, common stocks and other investments, allowing the fund to pursue income while retaining the potential for capital growth.

Franklin Universal Trust is listed on the New York Stock Exchange and is managed as part of Franklin Templeton’s broader investment platform.