Rareview Capital LLC Boosts Stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Rareview Capital LLC grew its stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,104 shares of the company’s stock after buying an additional 16,960 shares during the period. Rareview Capital LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pathstone Holdings LLC raised its holdings in shares of Franklin Limited Duration Income Trust by 20.6% in the third quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock worth $11,731,000 after buying an additional 300,528 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the third quarter worth $7,646,000. GraniteShares Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter worth $2,479,000. Advisors Asset Management Inc. raised its holdings in shares of Franklin Limited Duration Income Trust by 204.7% during the third quarter. Advisors Asset Management Inc. now owns 289,400 shares of the company’s stock worth $1,930,000 after purchasing an additional 194,407 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter worth $880,000.

Franklin Limited Duration Income Trust Price Performance

Shares of Franklin Limited Duration Income Trust stock opened at $6.54 on Friday. The business’s fifty day simple moving average is $6.54. Franklin Limited Duration Income Trust has a 1 year low of $6.08 and a 1 year high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0615 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.74 annualized dividend and a dividend yield of 11.28%.

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.