Ashton Thomas Securities LLC Sells 1,500 Shares of Franklin Universal Trust (NYSE:FT)

Ashton Thomas Securities LLC reduced its position in shares of Franklin Universal Trust (NYSE:FT) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,050 shares of the financial services provider’s stock after selling 1,500 shares during the period. Ashton Thomas Securities LLC owned 0.22% of Franklin Universal Trust worth $410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FT. Moloney Securities Asset Management LLC lifted its position in shares of Franklin Universal Trust by 1.9% during the 4th quarter. Moloney Securities Asset Management LLC now owns 673,296 shares of the financial services provider’s stock worth $4,922,000 after buying an additional 12,380 shares in the last quarter. LPL Financial LLC increased its position in shares of Franklin Universal Trust by 0.3% during the fourth quarter. LPL Financial LLC now owns 652,535 shares of the financial services provider’s stock valued at $4,770,000 after acquiring an additional 2,245 shares during the last quarter. Stifel Financial Corp lifted its holdings in Franklin Universal Trust by 4.5% during the third quarter. Stifel Financial Corp now owns 256,582 shares of the financial services provider’s stock worth $1,940,000 after acquiring an additional 11,047 shares during the period. Uncommon Cents Investing LLC boosted its position in Franklin Universal Trust by 1.1% in the fourth quarter. Uncommon Cents Investing LLC now owns 172,402 shares of the financial services provider’s stock worth $1,260,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Franklin Universal Trust by 11.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 13,494 shares during the period.

Franklin Universal Trust Stock Up 0.4 %

Shares of Franklin Universal Trust stock opened at $7.52 on Wednesday. Franklin Universal Trust has a 1 year low of $6.34 and a 1 year high of $7.80. The stock has a fifty day moving average price of $7.55 and a 200-day moving average price of $7.51.

Franklin Universal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0425 per share. The ex-dividend date is Monday, March 17th. This represents a $0.51 dividend on an annualized basis and a yield of 6.78%.

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.