Covenant Partners LLC Invests $69,000 in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

by · The Markets Daily

Covenant Partners LLC acquired a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,270 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTF. Allspring Global Investments Holdings LLC bought a new position in shares of Franklin Limited Duration Income Trust in the 2nd quarter worth about $5,064,000. Avantax Advisory Services Inc. boosted its stake in Franklin Limited Duration Income Trust by 10.1% in the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after acquiring an additional 1,650 shares during the period. Cetera Advisors LLC bought a new position in shares of Franklin Limited Duration Income Trust during the first quarter valued at approximately $5,621,000. Cetera Investment Advisers grew its holdings in shares of Franklin Limited Duration Income Trust by 2.6% during the first quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock valued at $5,891,000 after purchasing an additional 23,440 shares during the last quarter. Finally, StoneX Group Inc. raised its position in shares of Franklin Limited Duration Income Trust by 11.4% during the 1st quarter. StoneX Group Inc. now owns 46,790 shares of the company’s stock worth $293,000 after purchasing an additional 4,784 shares during the period.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN:FTF traded up $0.01 during midday trading on Friday, reaching $6.56. 192,389 shares of the company traded hands, compared to its average volume of 194,733. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th will be given a dividend of $0.0615 per share. The ex-dividend date is Thursday, October 17th. This represents a $0.74 annualized dividend and a dividend yield of 11.25%.

Franklin Limited Duration Income Trust Company Profile

(Free Report)

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.

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