Financial Partners Group Inc Grows Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Financial Partners Group Inc lifted its position in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 242.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 118,600 shares of the company’s stock after acquiring an additional 83,945 shares during the period. Financial Partners Group Inc’s holdings in Franklin Limited Duration Income Trust were worth $786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FTF. Penserra Capital Management LLC acquired a new stake in Franklin Limited Duration Income Trust during the third quarter valued at $7,646,000. Pathstone Holdings LLC boosted its stake in shares of Franklin Limited Duration Income Trust by 20.6% during the 3rd quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock worth $11,731,000 after acquiring an additional 300,528 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Franklin Limited Duration Income Trust by 204.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 289,400 shares of the company’s stock worth $1,930,000 after acquiring an additional 194,407 shares in the last quarter. Encompass More Asset Management acquired a new stake in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at about $577,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at about $168,000.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF stock opened at $6.65 on Monday. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st were given a dividend of $0.0615 per share. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.10%.

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.