Wolverine Asset Management LLC Boosts Stake in Franklin Limited Duration Income Trust $FTF

Wolverine Asset Management LLC raised its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 2,180.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,041 shares of the company’s stock after purchasing an additional 243,859 shares during the quarter. Wolverine Asset Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $1,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. raised its position in Franklin Limited Duration Income Trust by 2.6% in the third quarter. Advisors Asset Management Inc. now owns 1,068,252 shares of the company’s stock valued at $6,805,000 after purchasing an additional 27,423 shares during the period. Invesco Ltd. increased its position 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 acquiring an additional 30,220 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Franklin Limited Duration Income Trust by 3.2% during the third quarter. Shaker Financial Services LLC now owns 693,377 shares of the company’s stock valued at $4,417,000 after acquiring an additional 21,224 shares during the last quarter. Absolute Investment Advisers LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the fourth quarter valued at about $3,023,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Franklin Limited Duration Income Trust by 3.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 471,936 shares of the company’s stock valued at $3,006,000 after acquiring an additional 15,358 shares during the last quarter.

Franklin Limited Duration Income Trust Trading Down 0.2%

Shares of FTF opened at $5.89 on Wednesday. Franklin Limited Duration Income Trust has a 1-year low of $5.70 and a 1-year high of $6.55. The firm has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $6.07.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.0615 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

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.