Shaker Financial Services LLC Purchases 123,481 Shares of Franklin Limited Duration Income Trust $FTF

Shaker Financial Services LLC lifted its position in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 22.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 672,153 shares of the company’s stock after buying an additional 123,481 shares during the quarter. Franklin Limited Duration Income Trust comprises approximately 1.5% of Shaker Financial Services LLC’s investment portfolio, making the stock its 16th largest position. Shaker Financial Services LLC’s holdings in Franklin Limited Duration Income Trust were worth $4,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FTF. Wolverine Asset Management LLC bought a new stake in Franklin Limited Duration Income Trust in the 2nd quarter worth about $56,000. Oliver Lagore Vanvalin Investment Group bought a new position in Franklin Limited Duration Income Trust in the 2nd quarter worth $70,000. Elequin Capital LP purchased a new position in shares of Franklin Limited Duration Income Trust during the 1st quarter valued at about $77,000. Geneos Wealth Management Inc. lifted its holdings in Franklin Limited Duration Income Trust by 893.4% during the first quarter. Geneos Wealth Management Inc. now owns 12,666 shares of the company’s stock valued at $82,000 after purchasing an additional 11,391 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter valued at $98,000.

Franklin Limited Duration Income Trust Stock Down 0.2%

NYSEAMERICAN FTF opened at $6.20 on Monday. Franklin Limited Duration Income Trust has a twelve month low of $5.57 and a twelve month high of $6.75. The business has a 50-day moving average price of $6.35 and a 200-day moving average price of $6.37.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently announced a oct 25 dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 17th were given a dividend of $0.0615 per share. The ex-dividend date was Friday, October 17th. This represents a dividend yield of 1,186.0%.

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.