Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.77 and traded as low as $5.59. Franklin Limited Duration Income Trust shares last traded at $5.64, with a volume of 109,164 shares.

Franklin Limited Duration Income Trust Stock Up 0.2%

The firm has a fifty day simple moving average of $5.77 and a 200-day simple moving average of $5.83.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.0615 per share. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTF. Waverly Advisors LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 22.7% in the second quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock valued at $93,000 after buying an additional 2,957 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Franklin Limited Duration Income Trust during the second quarter worth $91,000. Readystate Asset Management LP acquired a new stake in shares of Franklin Limited Duration Income Trust during the second quarter worth $311,000. Susquehanna International Group LLP bought a new stake in Franklin Limited Duration Income Trust in the 2nd quarter valued at $190,000. Finally, Kingsview Wealth Management LLC bought a new stake in Franklin Limited Duration Income Trust in the 2nd quarter valued at $899,000.

Franklin Limited Duration Income Trust Company Profile

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.