Cardan Capital Partners LLC increased its stake in Franklin Universal Trust (NYSE:FT) by 88.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,795 shares of the financial services provider’s stock after buying an additional 22,016 shares during the period. Cardan Capital Partners LLC’s holdings in Franklin Universal Trust were worth $329,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FT. Wells Fargo & Company MN grew its holdings in shares of Franklin Universal Trust by 12.7% during the third quarter. Wells Fargo & Company MN now owns 319,463 shares of the financial services provider’s stock valued at $2,125,000 after buying an additional 35,940 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of Franklin Universal Trust by 67.8% during the third quarter. Koshinski Asset Management Inc. now owns 503,921 shares of the financial services provider’s stock valued at $3,351,000 after buying an additional 203,566 shares during the last quarter. Morgan Stanley grew its holdings in shares of Franklin Universal Trust by 62.8% during the third quarter. Morgan Stanley now owns 482,793 shares of the financial services provider’s stock valued at $3,210,000 after buying an additional 186,274 shares during the last quarter. Financial & Investment Management Group Ltd. grew its holdings in shares of Franklin Universal Trust by 8.7% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 1,755,395 shares of the financial services provider’s stock valued at $11,147,000 after buying an additional 140,393 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Franklin Universal Trust during the fourth quarter valued at approximately $96,000. 20.87% of the stock is owned by institutional investors.

NYSE:FT opened at $7.00 on Wednesday. Franklin Universal Trust has a 52 week low of $6.05 and a 52 week high of $7.07.

The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.032 dividend. This represents a $0.38 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 28th.

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Franklin Universal Trust 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.

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Institutional Ownership by Quarter for Franklin Universal Trust (NYSE:FT)

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