NINE MASTS CAPITAL Ltd Acquires New Stake in Franklin Limited Duration Income Trust (FTF)

NINE MASTS CAPITAL Ltd acquired a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,200 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates raised its position in Franklin Limited Duration Income Trust by 10.4% in the second quarter. Raymond James & Associates now owns 204,698 shares of the company’s stock worth $2,235,000 after acquiring an additional 19,220 shares during the period. Koshinski Asset Management Inc. raised its position in Franklin Limited Duration Income Trust by 14.5% in the third quarter. Koshinski Asset Management Inc. now owns 162,369 shares of the company’s stock worth $1,653,000 after acquiring an additional 20,610 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Franklin Limited Duration Income Trust by 15.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 56,453 shares of the company’s stock worth $616,000 after acquiring an additional 7,553 shares during the period. Commonwealth Equity Services LLC raised its position in Franklin Limited Duration Income Trust by 8.8% in the second quarter. Commonwealth Equity Services LLC now owns 56,189 shares of the company’s stock worth $614,000 after acquiring an additional 4,542 shares during the period. Finally, City of London Investment Management Co. Ltd. bought a new position in Franklin Limited Duration Income Trust in the third quarter worth approximately $445,000.

Shares of NYSEAMERICAN FTF opened at $9.34 on Friday. Franklin Limited Duration Income Trust has a 1 year low of $9.15 and a 1 year high of $12.05.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.091 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 11.69%.

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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.

Further Reading: What is an SEC Filing?

Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

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