1607 Capital Partners LLC Reduces Stock Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

1607 Capital Partners LLC trimmed its holdings in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,438 shares of the company’s stock after selling 83,129 shares during the quarter. 1607 Capital Partners LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FTF. Guggenheim Capital LLC increased its position in Franklin Limited Duration Income Trust by 54.0% during the fourth quarter. Guggenheim Capital LLC now owns 804,510 shares of the company’s stock valued at $5,334,000 after acquiring an additional 281,953 shares during the last quarter. Mariner LLC purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth about $76,000. Raymond James Financial Inc. bought a new stake in Franklin Limited Duration Income Trust in the fourth quarter worth about $880,000. Invesco Ltd. boosted its position in shares of Franklin Limited Duration Income Trust by 3.4% during the fourth quarter. Invesco Ltd. now owns 832,151 shares of the company’s stock valued at $5,517,000 after buying an additional 27,226 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Franklin Limited Duration Income Trust by 13.1% during the fourth quarter. Wells Fargo & Company MN now owns 721,088 shares of the company’s stock valued at $4,781,000 after buying an additional 83,285 shares during the last quarter.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF stock opened at $6.19 on Wednesday. The stock has a 50 day moving average price of $6.44 and a 200 day moving average price of $6.40. Franklin Limited Duration Income Trust has a 52-week low of $5.57 and a 52-week high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.0615 dividend. This represents a $0.74 annualized dividend and a yield of 11.92%. The ex-dividend date is Thursday, April 17th.

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.