Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.80 and traded as high as $5.84. Franklin Limited Duration Income Trust shares last traded at $5.76, with a volume of 114,182 shares changing hands.

Franklin Limited Duration Income Trust Stock Performance

The business has a 50 day moving average of $5.79 and a two-hundred day moving average of $5.88.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.0615 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in Franklin Limited Duration Income Trust by 2,180.8% in the 4th quarter. Wolverine Asset Management LLC now owns 255,041 shares of the company’s stock worth $1,569,000 after purchasing an additional 243,859 shares in the last quarter. Quarry LP acquired a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at $1,185,000. Bank of America Corp DE purchased a new position in Franklin Limited Duration Income Trust in the 2nd quarter worth $1,115,000. Kingsview Wealth Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the 2nd quarter worth about $899,000. Finally, Financially in Tune LLC acquired a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth about $510,000.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.