Hennion & Walsh Asset Management Inc. Has $1.91 Million Stake in Franklin Universal Trust (NYSE:FT)

Hennion & Walsh Asset Management Inc. trimmed its position in shares of Franklin Universal Trust (NYSE:FTFree Report) by 19.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 261,755 shares of the financial services provider’s stock after selling 64,071 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Franklin Universal Trust were worth $1,913,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of Franklin Universal Trust by 4.9% in the 3rd quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 1,354 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Franklin Universal Trust by 4.5% in the 3rd quarter. Stifel Financial Corp now owns 256,582 shares of the financial services provider’s stock valued at $1,940,000 after purchasing an additional 11,047 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Franklin Universal Trust by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock valued at $734,000 after purchasing an additional 1,941 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Franklin Universal Trust in the 2nd quarter valued at approximately $843,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Franklin Universal Trust by 11.9% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 13,494 shares in the last quarter.

Franklin Universal Trust Stock Performance

FT opened at $7.58 on Friday. The company’s 50 day moving average is $7.48 and its 200-day moving average is $7.34. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.80.

Franklin Universal Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 21st will be paid a $0.0425 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.73%.

Franklin Universal Trust Company Profile

(Free Report)

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.

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Institutional Ownership by Quarter for Franklin Universal Trust (NYSE:FT)

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