International Assets Investment Management LLC Sells 166,326 Shares of Franklin Limited Duration Income Trust $FTF

International Assets Investment Management LLC reduced its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 96.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,717 shares of the company’s stock after selling 166,326 shares during the period. International Assets Investment Management LLC’s holdings in Franklin Limited Duration Income Trust were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FTF. Shaker Financial Services LLC boosted its holdings in shares of Franklin Limited Duration Income Trust by 22.5% in the 3rd quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock worth $1,781,000 after purchasing an additional 60,997 shares during the period. Byrne Asset Management LLC lifted its holdings in shares of Franklin Limited Duration Income Trust by 1.3% in the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock worth $1,321,000 after acquiring an additional 3,260 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Franklin Limited Duration Income Trust by 5.4% in the 1st quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock worth $1,125,000 after acquiring an additional 9,928 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Franklin Limited Duration Income Trust by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock worth $1,066,000 after acquiring an additional 5,210 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth about $899,000.

Franklin Limited Duration Income Trust Price Performance

Franklin Limited Duration Income Trust stock remained flat at $5.43 during midday trading on Friday. 308,869 shares of the company were exchanged, compared to its average volume of 206,784. Franklin Limited Duration Income Trust has a 12 month low of $5.27 and a 12 month high of $6.29. The stock has a 50-day simple moving average of $5.49 and a two-hundred day simple moving average of $5.80.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be paid a $0.0615 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a yield of 13.6%.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end investment company traded on the NYSE American under the symbol FTF. The fund seeks to provide a high level of current income while pursuing capital preservation through a diversified portfolio of fixed-income investments with limited interest-rate sensitivity.

The fund invests primarily in below-investment-grade and investment-grade debt securities, including senior secured floating-rate loans, high-yield corporate bonds, and other income-producing instruments.