Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.18 and traded as low as $6.10. Franklin Limited Duration Income Trust shares last traded at $6.10, with a volume of 166,091 shares trading hands.

Franklin Limited Duration Income Trust Trading Down 0.7%

The business has a 50 day simple moving average of $6.18 and a two-hundred day simple moving average of $6.33.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.0615 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a c) annualized dividend and a yield of 12.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of Franklin Limited Duration Income Trust by 61.3% during the 1st quarter. Cetera Investment Advisers now owns 75,404 shares of the company’s stock worth $487,000 after acquiring an additional 28,657 shares in the last quarter. LPL Financial LLC increased its position in Franklin Limited Duration Income Trust by 81.2% in the 1st quarter. LPL Financial LLC now owns 1,584,157 shares of the company’s stock worth $10,234,000 after purchasing an additional 709,710 shares during the last quarter. Elequin Capital LP acquired a new stake in Franklin Limited Duration Income Trust in the first quarter valued at approximately $77,000. Kestra Advisory Services LLC boosted its holdings in Franklin Limited Duration Income Trust by 3.5% in the first quarter. Kestra Advisory Services LLC now owns 170,134 shares of the company’s stock worth $1,099,000 after purchasing an additional 5,747 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Franklin Limited Duration Income Trust by 6.1% during the 1st quarter. Royal Bank of Canada now owns 69,079 shares of the company’s stock valued at $446,000 after acquiring an additional 3,959 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.