Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.88 and traded as low as $5.75. Franklin Limited Duration Income Trust shares last traded at $5.77, with a volume of 321,647 shares trading hands.

Franklin Limited Duration Income Trust Price Performance

The business has a 50 day simple moving average of $5.88 and a 200-day simple moving average of $6.02.

Franklin Limited Duration Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.0615 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackDiamond Wealth Management LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth $63,000. Procyon Advisors LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth $67,000. Kovack Advisors Inc. bought a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter worth $67,000. Stephens Inc. AR bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth $68,000. Finally, Global Retirement Partners LLC bought a new position in shares of Franklin Limited Duration Income Trust during the 4th quarter worth $89,000.

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.