Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s stock price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $5.47 and traded as low as $5.44. Franklin Limited Duration Income Trust shares last traded at $5.46, with a volume of 179,560 shares changing hands.

Franklin Limited Duration Income Trust Stock Up 0.2%

The firm’s 50 day moving average is $5.46 and its two-hundred day moving average is $5.78.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be paid a $0.0615 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a yield of 13.7%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Uniting Wealth Partners LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at about $58,000. Tactive Advisors LLC acquired a new position in Franklin Limited Duration Income Trust during the third quarter worth approximately $74,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Franklin Limited Duration Income Trust during the second quarter worth approximately $91,000. Waverly Advisors LLC increased its position in Franklin Limited Duration Income Trust by 22.7% during the second quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock worth $93,000 after buying an additional 2,957 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Franklin Limited Duration Income Trust in the second quarter valued at approximately $99,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-end investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while pursuing capital preservation through a diversified portfolio of fixed-income investments with limited interest-rate sensitivity. The fund invests primarily in below-investment-grade and investment-grade debt securities, including senior secured floating-rate loans, high-yield corporate bonds, and other income-producing instruments.