City of London Investment Management Co. Ltd. Takes Position in Franklin Limited Duration Income Trust (FTF)

City of London Investment Management Co. Ltd. acquired a new stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 43,820 shares of the company’s stock, valued at approximately $445,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Wealth Management LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $864,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $109,000. Fiera Capital Corp bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $113,000. Centaurus Financial Inc. bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $417,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Franklin Limited Duration Income Trust by 8.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 56,189 shares of the company’s stock worth $614,000 after acquiring an additional 4,542 shares during the period.

Shares of Franklin Limited Duration Income Trust stock opened at $9.25 on Friday. Franklin Limited Duration Income Trust has a 1-year low of $9.17 and a 1-year high of $12.05.

The company also recently declared a monthly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.091 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date is Thursday, November 29th.

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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.

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Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

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