Franklin Universal Trust (NYSE:FT) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Franklin Universal Trust (NYSE:FT)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.53 and traded as low as $7.52. Franklin Universal Trust shares last traded at $7.60, with a volume of 27,357 shares.

Franklin Universal Trust Price Performance

The business’s 50 day moving average is $7.53 and its 200-day moving average is $7.51.

Franklin Universal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0425 per share. The ex-dividend date is Monday, March 17th. This represents a $0.51 annualized dividend and a dividend yield of 6.78%.

Institutional Trading of Franklin Universal Trust

Several institutional investors have recently modified their holdings of the stock. Bridgewealth Advisory Group LLC purchased a new stake in shares of Franklin Universal Trust during the 4th quarter worth approximately $113,000. Stifel Financial Corp lifted its position in shares of Franklin Universal Trust by 6.6% during the 4th quarter. Stifel Financial Corp now owns 273,464 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 16,882 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of Franklin Universal Trust by 27.5% during the 4th quarter. Shaker Financial Services LLC now owns 51,188 shares of the financial services provider’s stock worth $374,000 after buying an additional 11,042 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Franklin Universal Trust during the 4th quarter worth approximately $614,000. Finally, LPL Financial LLC increased its holdings in shares of Franklin Universal Trust by 0.3% in the 4th quarter. LPL Financial LLC now owns 652,535 shares of the financial services provider’s stock valued at $4,770,000 after acquiring an additional 2,245 shares during the period.

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.