Franklin Universal Trust (NYSE:FT) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its position in Franklin Universal Trust (NYSE:FT) by 12.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 82,268 shares of the financial services provider’s stock after selling 11,191 shares during the period. Landscape Capital Management L.L.C.’s holdings in Franklin Universal Trust were worth $622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commonwealth Equity Services LLC grew its holdings in Franklin Universal Trust by 654.4% during the second quarter. Commonwealth Equity Services LLC now owns 151,663 shares of the financial services provider’s stock worth $1,033,000 after acquiring an additional 131,558 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Franklin Universal Trust in the 2nd quarter valued at about $843,000. Cetera Advisors LLC acquired a new stake in shares of Franklin Universal Trust in the first quarter valued at about $514,000. Hennion & Walsh Asset Management Inc. boosted its holdings in Franklin Universal Trust by 24.3% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 325,826 shares of the financial services provider’s stock worth $2,463,000 after buying an additional 63,802 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its position in Franklin Universal Trust by 4.3% during the second quarter. Moloney Securities Asset Management LLC now owns 653,758 shares of the financial services provider’s stock worth $4,452,000 after buying an additional 26,843 shares during the period.

Franklin Universal Trust Trading Up 0.8 %

FT stock opened at $7.66 on Friday. The firm has a 50 day moving average of $7.53 and a 200-day moving average of $7.16. Franklin Universal Trust has a 12-month low of $6.34 and a 12-month high of $7.69.

Franklin Universal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be issued a dividend of $0.0425 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.51 annualized dividend and a yield of 6.66%.

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.