Franklin Universal Trust (NYSE:FT) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

Franklin Universal Trust (NYSE:FT) passed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $7.42 and traded as low as $7.19. Franklin Universal Trust shares last traded at $7.29, with a volume of 80,120 shares changing hands.

Franklin Universal Trust Stock Performance

The business’s 50 day moving average price is $7.42 and its 200 day moving average price is $7.83.

Franklin Universal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $0.51 dividend on an annualized basis and a yield of 7.0%.

Institutional Investors Weigh In On Franklin Universal Trust

A hedge fund recently raised its stake in Franklin Universal Trust stock. Shaker Financial Services LLC boosted its position in shares of Franklin Universal Trust (NYSE:FT) by 142.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,281 shares of the financial services provider’s stock after buying an additional 35,411 shares during the period. Shaker Financial Services LLC owned 0.24% of Franklin Universal Trust worth $424,000 at the end of the most recent quarter.

About Franklin Universal Trust

Franklin Universal Trust is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol FT. The fund seeks to provide a high level of current income while also pursuing capital appreciation through investments in a range of debt and equity securities.

The trust has historically emphasized securities issued by companies in utility-related industries, including electric, gas, telecommunications and other infrastructure businesses. Its portfolio may include common and preferred stocks, corporate bonds and other income-producing investments, allowing the fund to participate in both equity and fixed-income markets.

Franklin Universal Trust is managed by Franklin Advisers, Inc, an affiliate of Franklin Resources, Inc, which operates under the Franklin Templeton brand.