Absolute Investment Advisers LLC Cuts Stock Position in Franklin Limited Duration Income Trust $FTF

Absolute Investment Advisers LLC cut its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 56.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,168 shares of the company’s stock after selling 276,246 shares during the quarter. Absolute Investment Advisers LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTF. Invesco Ltd. raised its holdings in Franklin Limited Duration Income Trust by 3.8% during the second quarter. Invesco Ltd. now owns 821,918 shares of the company’s stock worth $5,277,000 after purchasing an additional 30,220 shares in the last quarter. Wolverine Asset Management LLC increased its position in Franklin Limited Duration Income Trust by 2,180.8% during the 4th quarter. Wolverine Asset Management LLC now owns 255,041 shares of the company’s stock worth $1,569,000 after purchasing an additional 243,859 shares during the period. Osaic Holdings Inc. increased its position in Franklin Limited Duration Income Trust by 2.6% during the 4th quarter. Osaic Holdings Inc. now owns 241,923 shares of the company’s stock worth $1,488,000 after purchasing an additional 6,101 shares during the period. Rareview Capital LLC raised its stake in shares of Franklin Limited Duration Income Trust by 9.5% during the 4th quarter. Rareview Capital LLC now owns 208,656 shares of the company’s stock worth $1,340,000 after buying an additional 18,170 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at approximately $1,185,000.

Franklin Limited Duration Income Trust Price Performance

FTF opened at $5.77 on Monday. Franklin Limited Duration Income Trust has a 12 month low of $5.70 and a 12 month high of $6.55. The business has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $5.99.

Franklin Limited Duration Income Trust Dividend Announcement

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

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.