Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.15 and traded as low as $5.90. Franklin Limited Duration Income Trust shares last traded at $5.94, with a volume of 324,959 shares trading hands.

Franklin Limited Duration Income Trust Trading Down 0.3%

The business’s 50-day simple moving average is $6.15 and its two-hundred day simple moving average is $6.20.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.0615 dividend. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Tuesday, March 24th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Eastern Bank purchased a new position in shares of Franklin Limited Duration Income Trust during the third quarter worth approximately $32,000. BlackDiamond Wealth Management LLC purchased a new position in Franklin Limited Duration Income Trust during the fourth quarter valued at $63,000. Kovack Advisors Inc. purchased a new position in shares of Franklin Limited Duration Income Trust during the third quarter valued at approximately $67,000. Azzad Asset Management Inc. ADV purchased a new position in shares of Franklin Limited Duration Income Trust in the 3rd quarter worth about $67,000. Finally, Procyon Advisors LLC bought a new position in Franklin Limited Duration Income Trust in the 4th quarter valued at approximately $67,000.

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.