Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Share Price Crosses Above 50 Day Moving Average of $0.00

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $6.60. Franklin Limited Duration Income Trust shares last traded at $6.50, with a volume of 264,665 shares trading hands.

Franklin Limited Duration Income Trust Trading Down 0.8 %

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Thursday, July 18th were issued a dividend of $0.0615 per share. This represents a $0.74 annualized dividend and a dividend yield of 11.35%. The ex-dividend date was Thursday, July 18th.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Several hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Franklin Limited Duration Income Trust during the second quarter valued at $5,064,000. Calamos Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust during the second quarter valued at $181,000. Capital Wealth Alliance LLC lifted its holdings in shares of Franklin Limited Duration Income Trust by 2.8% during the second quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock valued at $537,000 after purchasing an additional 2,345 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust during the first quarter valued at $5,621,000. Finally, Cetera Investment Advisers lifted its holdings in shares of Franklin Limited Duration Income Trust by 2.6% during the first quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock valued at $5,891,000 after purchasing an additional 23,440 shares during the last quarter.

About Franklin Limited Duration Income Trust

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.