Shaker Financial Services LLC Lowers Stock Holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Shaker Financial Services LLC lowered its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 22.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 394,864 shares of the company’s stock after selling 115,350 shares during the period. Shaker Financial Services LLC’s holdings in Franklin Limited Duration Income Trust were worth $2,634,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Franklin Limited Duration Income Trust by 2.6% during the 1st quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock valued at $5,891,000 after acquiring an additional 23,440 shares during the period. Cetera Advisors LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 1st quarter worth approximately $5,621,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $5,064,000. City of London Investment Management Co. Ltd. raised its position in shares of Franklin Limited Duration Income Trust by 44.6% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 791,267 shares of the company’s stock worth $4,961,000 after purchasing an additional 244,154 shares during the last quarter. Finally, Capital Wealth Alliance LLC raised its position in shares of Franklin Limited Duration Income Trust by 2.8% during the 2nd quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock worth $537,000 after purchasing an additional 2,345 shares during the last quarter.

Franklin Limited Duration Income Trust Trading Up 0.9 %

Shares of Franklin Limited Duration Income Trust stock opened at $6.54 on Thursday. Franklin Limited Duration Income Trust has a 1 year low of $6.04 and a 1 year high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were paid a dividend of $0.0615 per share. The ex-dividend date was Thursday, October 17th. This represents a $0.74 annualized dividend and a dividend yield of 11.28%.

Franklin Limited Duration Income Trust 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.