Shaker Financial Services LLC Takes $321,000 Position in Franklin Universal Trust (FT)

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Shaker Financial Services LLC bought a new stake in shares of Franklin Universal Trust (NYSE:FT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 45,577 shares of the financial services provider’s stock, valued at approximately $321,000.

Several other large investors have also bought and sold shares of the company. Matisse Capital grew its stake in shares of Franklin Universal Trust by 15.7% in the first quarter. Matisse Capital now owns 14,700 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 2,000 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Franklin Universal Trust by 2.1% in the first quarter. Raymond James & Associates now owns 165,791 shares of the financial services provider’s stock valued at $1,167,000 after buying an additional 3,417 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Franklin Universal Trust by 16.0% in the fourth quarter. Bank of America Corp DE now owns 25,140 shares of the financial services provider’s stock valued at $160,000 after buying an additional 3,461 shares during the last quarter. Round Table Services LLC purchased a new stake in shares of Franklin Universal Trust in the first quarter valued at about $103,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Franklin Universal Trust in the fourth quarter valued at about $96,000. Hedge funds and other institutional investors own 21.96% of the company’s stock.

Shares of NYSE:FT traded up $0.01 on Thursday, reaching $6.96. The company’s stock had a trading volume of 45,036 shares, compared to its average volume of 83,108. Franklin Universal Trust has a 52-week low of $6.05 and a 52-week high of $7.07.

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a $0.032 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 5.52%.

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Franklin Universal Trust Company 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.

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Institutional Ownership by Quarter for Franklin Universal Trust (NYSE:FT)

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