Ashton Thomas Securities LLC Decreases Stock Position in Franklin Universal Trust (NYSE:FT)

Ashton Thomas Securities LLC lessened its position in shares of Franklin Universal Trust (NYSE:FT) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,050 shares of the financial services provider’s stock after selling 1,500 shares during the period. Ashton Thomas Securities LLC’s holdings in Franklin Universal Trust were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FT. LPL Financial LLC boosted its holdings in Franklin Universal Trust by 0.3% in the 4th quarter. LPL Financial LLC now owns 652,535 shares of the financial services provider’s stock worth $4,770,000 after buying an additional 2,245 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Franklin Universal Trust by 17.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 11,210 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 1,632 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Franklin Universal Trust in the fourth quarter valued at $614,000. Noble Wealth Management PBC bought a new stake in shares of Franklin Universal Trust during the 4th quarter valued at $212,000. Finally, Moloney Securities Asset Management LLC lifted its holdings in Franklin Universal Trust by 1.9% during the 4th quarter. Moloney Securities Asset Management LLC now owns 673,296 shares of the financial services provider’s stock worth $4,922,000 after purchasing an additional 12,380 shares in the last quarter.

Franklin Universal Trust Trading Up 0.4 %

Shares of FT opened at $7.52 on Wednesday. Franklin Universal Trust has a twelve month low of $6.34 and a twelve month high of $7.80. The business’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.51.

Franklin Universal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0425 per share. This represents a $0.51 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Monday, March 17th.

About Franklin Universal Trust

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.