Franklin Limited Duration Income Trust $FTF Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 322.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,393 shares of the company’s stock after purchasing an additional 95,745 shares during the period. Kingsview Wealth Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Procyon Advisors LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at approximately $67,000. Azzad Asset Management Inc. ADV acquired a new position in Franklin Limited Duration Income Trust during the third quarter worth $67,000. Kovack Advisors Inc. acquired a new position in Franklin Limited Duration Income Trust during the third quarter worth $67,000. Stephens Inc. AR purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter valued at $68,000. Finally, Global Retirement Partners LLC purchased a new stake in Franklin Limited Duration Income Trust in the 4th quarter valued at $89,000.

Franklin Limited Duration Income Trust Trading Down 0.5%

NYSEAMERICAN FTF opened at $5.85 on Tuesday. The business’s fifty day simple moving average is $5.88 and its 200-day simple moving average is $6.03. Franklin Limited Duration Income Trust has a 52 week low of $5.70 and a 52 week high of $6.55.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.0615 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Tuesday, June 23rd.

Franklin Limited Duration Income Trust Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.