Thomas J. Herzfeld Advisors Inc. Sells 141,859 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Thomas J. Herzfeld Advisors Inc. reduced its position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 34.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 270,295 shares of the company’s stock after selling 141,859 shares during the quarter. Thomas J. Herzfeld Advisors Inc.’s holdings in Franklin Limited Duration Income Trust were worth $1,792,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FTF. Anfield Capital Management LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at approximately $57,000. Commonwealth Equity Services LLC acquired a new stake in Franklin Limited Duration Income Trust in the 4th quarter valued at $67,000. Virtu Financial LLC bought a new stake in Franklin Limited Duration Income Trust in the third quarter valued at $108,000. Choreo LLC raised its stake in Franklin Limited Duration Income Trust by 10.8% during the fourth quarter. Choreo LLC now owns 17,982 shares of the company’s stock worth $118,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Franklin Limited Duration Income Trust by 17.1% during the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock valued at $120,000 after acquiring an additional 2,633 shares during the period.

Franklin Limited Duration Income Trust Stock Performance

FTF opened at $6.46 on Tuesday. The stock has a 50-day moving average price of $6.54. Franklin Limited Duration Income Trust has a twelve month low of $6.08 and a twelve month high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.0615 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.74 annualized dividend and a yield of 11.42%.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.