Powell Investment Advisors LLC Has $368,000 Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Powell Investment Advisors LLC raised its position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 19.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,448 shares of the company’s stock after acquiring an additional 9,128 shares during the quarter. Powell Investment Advisors LLC’s holdings in Franklin Limited Duration Income Trust were worth $368,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Covenant Partners LLC acquired a new stake in Franklin Limited Duration Income Trust during the 3rd quarter valued at $69,000. Virtu Financial LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 3rd quarter worth about $108,000. Choreo LLC grew its stake in Franklin Limited Duration Income Trust by 10.8% in the 4th quarter. Choreo LLC now owns 17,982 shares of the company’s stock valued at $118,000 after buying an additional 1,748 shares during the last quarter. Stifel Financial Corp raised its holdings in Franklin Limited Duration Income Trust by 17.1% in the 3rd quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock valued at $120,000 after acquiring an additional 2,633 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Franklin Limited Duration Income Trust during the third quarter worth approximately $130,000.

Franklin Limited Duration Income Trust Stock Performance

Franklin Limited Duration Income Trust stock opened at $6.64 on Monday. Franklin Limited Duration Income Trust has a 12 month low of $6.08 and a 12 month high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st were given a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a yield of 11.11%. The ex-dividend date of this dividend was Tuesday, January 21st.

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.