Wolverine Asset Management LLC Buys Shares of 8,762 Franklin Limited Duration Income Trust $FTF

Wolverine Asset Management LLC purchased a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,762 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds have also modified their holdings of FTF. LPL Financial LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 81.2% during the 1st quarter. LPL Financial LLC now owns 1,584,157 shares of the company’s stock worth $10,234,000 after buying an additional 709,710 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Franklin Limited Duration Income Trust by 56.7% during the 1st quarter. Advisors Asset Management Inc. now owns 832,593 shares of the company’s stock worth $5,379,000 after buying an additional 301,415 shares during the period. Readystate Asset Management LP bought a new stake in shares of Franklin Limited Duration Income Trust during the 1st quarter worth $693,000. Shaker Financial Services LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 24.2% during the 1st quarter. Shaker Financial Services LLC now owns 548,672 shares of the company’s stock worth $3,544,000 after buying an additional 106,799 shares during the period. Finally, Integrity Alliance LLC. bought a new stake in shares of Franklin Limited Duration Income Trust during the 1st quarter worth $423,000.

Franklin Limited Duration Income Trust Stock Down 0.6%

NYSEAMERICAN FTF opened at $6.16 on Tuesday. The company has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $6.37. Franklin Limited Duration Income Trust has a 1 year low of $5.57 and a 1 year high of $6.75.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a oct 25 dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 17th were issued 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 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.