Commonwealth Equity Services LLC cut its stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 52.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,036 shares of the company’s stock after selling 55,424 shares during the period. Commonwealth Equity Services LLC’s holdings in Franklin Limited Duration Income Trust were worth $460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FTF. Sit Investment Associates Inc. lifted its stake in Franklin Limited Duration Income Trust by 1,081.5% in the fourth quarter. Sit Investment Associates Inc. now owns 5,043,597 shares of the company’s stock valued at $45,493,000 after buying an additional 4,616,723 shares during the period. Ford Financial Group Inc. acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $1,268,000. Koshinski Asset Management Inc. lifted its stake in Franklin Limited Duration Income Trust by 70.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 276,630 shares of the company’s stock valued at $2,496,000 after buying an additional 114,261 shares during the period. Shaker Financial Services LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $702,000. Finally, NINE MASTS CAPITAL Ltd acquired a new position in Franklin Limited Duration Income Trust in the third quarter valued at approximately $287,000.

Shares of FTF opened at $9.70 on Thursday. Franklin Limited Duration Income Trust has a 52-week low of $8.60 and a 52-week high of $11.55.

The company also recently announced a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a dividend of $0.0871 per share. This represents a $1.05 dividend on an annualized basis and a dividend yield of 10.78%. This is a positive change from Franklin Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, March 28th.

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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.

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Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

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