Moors & Cabot Inc. Makes New Investment in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Moors & Cabot Inc. bought a new position in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,500 shares of the company’s stock, valued at approximately $133,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. NewEdge Advisors LLC increased its position in Franklin Limited Duration Income Trust by 2.6% in the 1st quarter. NewEdge Advisors LLC now owns 176,474 shares of the company’s stock valued at $1,338,000 after acquiring an additional 4,400 shares during the period. Invesco Ltd. increased its position in shares of Franklin Limited Duration Income Trust by 26.9% during the first quarter. Invesco Ltd. now owns 525,499 shares of the company’s stock worth $3,983,000 after buying an additional 111,532 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the first quarter worth $99,000. Goldman Sachs Group Inc. acquired a new stake in shares of Franklin Limited Duration Income Trust during the first quarter worth $1,421,000. Finally, Guggenheim Capital LLC increased its position in shares of Franklin Limited Duration Income Trust by 41.9% during the first quarter. Guggenheim Capital LLC now owns 176,499 shares of the company’s stock worth $1,338,000 after buying an additional 52,132 shares during the period.

Franklin Limited Duration Income Trust Trading Up 0.2 %

FTF opened at $6.15 on Tuesday. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.60.

Franklin Limited Duration Income Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a $0.0576 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date is Thursday, November 16th.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.