Penserra Capital Management LLC Cuts Stake in Franklin Limited Duration Income Trust $FTF

Penserra Capital Management LLC cut its position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 40.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 657,957 shares of the company’s stock after selling 450,270 shares during the period. Penserra Capital Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $4,191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in shares of Franklin Limited Duration Income Trust by 25.0% during the second quarter. Advisors Asset Management Inc. now owns 1,040,829 shares of the company’s stock valued at $6,682,000 after acquiring an additional 208,236 shares in the last quarter. Shaker Financial Services LLC boosted its stake in Franklin Limited Duration Income Trust by 22.5% during the 2nd quarter. Shaker Financial Services LLC now owns 672,153 shares of the company’s stock valued at $4,315,000 after purchasing an additional 123,481 shares during the last quarter. GraniteShares Advisors LLC increased its holdings in shares of Franklin Limited Duration Income Trust by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 465,583 shares of the company’s stock worth $2,966,000 after purchasing an additional 41,004 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Franklin Limited Duration Income Trust by 46.1% in the second quarter. Cetera Investment Advisers now owns 110,142 shares of the company’s stock worth $707,000 after purchasing an additional 34,738 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Franklin Limited Duration Income Trust by 3.8% during the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock valued at $5,277,000 after purchasing an additional 30,220 shares in the last quarter.

Franklin Limited Duration Income Trust Price Performance

Franklin Limited Duration Income Trust stock opened at $6.20 on Friday. Franklin Limited Duration Income Trust has a one year low of $5.57 and a one year high of $6.71. The business’s fifty day moving average is $6.15 and its 200 day moving average is $6.26.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.0615 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.