Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Cross Below Fifty Day Moving Average – What’s Next?

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) shares passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $5.47 and traded as low as $5.44. Franklin Limited Duration Income Trust shares last traded at $5.46, with a volume of 179,560 shares changing hands.

Franklin Limited Duration Income Trust Stock Down 0.4%

The company has a 50 day moving average price of $5.47 and a 200-day moving average price of $5.79.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be given a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 13.5%. The ex-dividend date is Wednesday, December 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. acquired a new stake in shares of Franklin Limited Duration Income Trust in the 3rd quarter valued at approximately $3,722,000. GraniteShares Advisors LLC increased its position in Franklin Limited Duration Income Trust by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 459,391 shares of the company’s stock worth $2,462,000 after purchasing an additional 7,104 shares in the last quarter. Shaker Financial Services LLC increased its position in Franklin Limited Duration Income Trust by 22.5% during the 3rd quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock worth $1,781,000 after purchasing an additional 60,997 shares in the last quarter. Byrne Asset Management LLC lifted its stake in Franklin Limited Duration Income Trust by 1.3% in the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock valued at $1,321,000 after purchasing an additional 3,260 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Franklin Limited Duration Income Trust by 29.6% in the 3rd quarter. International Assets Investment Management LLC now owns 224,326 shares of the company’s stock valued at $1,200,000 after purchasing an additional 51,283 shares during the last quarter.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while pursuing capital preservation through a diversified portfolio of fixed-income investments with limited interest-rate sensitivity. The fund invests primarily in below-investment-grade and investment-grade debt securities, including senior secured floating-rate loans, high-yield corporate bonds, and other income-producing instruments.