Uncommon Cents Investing LLC Grows Position in Franklin Universal Trust (NYSE:FT)

Uncommon Cents Investing LLC boosted its stake in Franklin Universal Trust (NYSE:FT) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,402 shares of the financial services provider’s stock after buying an additional 1,923 shares during the period. Uncommon Cents Investing LLC owned approximately 0.69% of Franklin Universal Trust worth $1,260,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. HighTower Advisors LLC increased its position in shares of Franklin Universal Trust by 4.9% during the third quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 1,354 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Franklin Universal Trust by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 1,941 shares during the period. Moloney Securities Asset Management LLC increased its holdings in Franklin Universal Trust by 1.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 660,916 shares of the financial services provider’s stock valued at $4,997,000 after purchasing an additional 7,158 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in Franklin Universal Trust in the third quarter valued at approximately $79,000. Finally, Stifel Financial Corp raised its position in Franklin Universal Trust by 4.5% in the third quarter. Stifel Financial Corp now owns 256,582 shares of the financial services provider’s stock valued at $1,940,000 after purchasing an additional 11,047 shares during the period.

Franklin Universal Trust Stock Performance

FT opened at $7.58 on Monday. Franklin Universal Trust has a 52 week low of $6.34 and a 52 week high of $7.80. The business has a fifty day simple moving average of $7.48 and a 200-day simple moving average of $7.34.

Franklin Universal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 21st will be given a $0.0425 dividend. This represents a $0.51 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend is Tuesday, January 21st.

Franklin Universal Trust Company Profile

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.