Stocks of Franklin Limited Duration Income Trust (AMEX:FTF) traded higher last session on Wall Street, down -1.28% to $6.19.
FTF stock price is now -3.49% away from the 50-day moving average and -4.87% away from the 200-day moving average. The market capitalization of the company currently stands at $250.11M.
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There have been several recent changes in the stakes of large investors in FTF stock. A new stake in Franklin Limited Duration Income Trust shares was purchased by PARAMETRIC PORTFOLIO ASSOCIATES LLC during the first quarter worth $1,050,000. MATISSE CAPITAL invested $988,000 in shares of FTF during the first quarter. In the first quarter, LOGAN STONE CAPITAL, LLC acquired a new stake in Franklin Limited Duration Income Trust valued at approximately $713,000. SABA CAPITAL MANAGEMENT, L.P. acquired a new stake in FTF for approximately $579,000. B. RILEY WEALTH ADVISORS, INC. purchased a new stake in FTF valued at around $390,000 in the second quarter. In total, there are 81 active investors with 42.32% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $6.18 for Franklin Limited Duration Income Trust (AMEX: FTF). During the past 12 months, Franklin Limited Duration Income Trust has had a low of $5.93 and a high of $7.80. The fifty day moving average price for FTF is $6.41 and a two-hundred day moving average price translates $6.51 for the stock.
The latest earnings results from Franklin Limited Duration Income Trust (AMEX: FTF) was released for Jun, 2021.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/17/2023 were paid a $0.0601 dividend. On an annualized basis, this represents a $0.74 dividend and a 12.03% percent yield. There was an ex-dividend date of 03/16/2023 for this dividend.
Franklin Limited Duration Income Trust(FTF) 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. It employs fundamental analysis with a combination of top-down and bottom-up security selection process to create its portfolio. The fund was formerly known as Franklin Templeton Limited Duration Income Trust. Franklin Limited Duration Income Trust was formed on August 27, 2003 and is domiciled in the United States.
