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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) shares passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $5.57 and traded as low as $5.36. Franklin Limited Duration Income Trust shares last traded at $5.38, with a volume of 221,451 shares trading hands.

Franklin Limited Duration Income Trust Stock Performance

The stock’s 50-day moving average price is $5.57 and its two-hundred day moving average price is $5.75.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be issued a $0.0615 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 13.7%. The ex-dividend date of this dividend is Wednesday, December 23rd.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Shaker Financial Services LLC increased its position in Franklin Limited Duration Income Trust by 22.5% in the third quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock worth $1,781,000 after buying an additional 60,997 shares during the last quarter. Tactive Advisors LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 3rd quarter valued at $74,000. Byrne Asset Management LLC lifted its position in shares of Franklin Limited Duration Income Trust by 1.3% during the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock valued at $1,321,000 after buying an additional 3,260 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of Franklin Limited Duration Income Trust by 22.7% during the 2nd quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock valued at $93,000 after buying an additional 2,957 shares during the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter valued at $91,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.