Powell Investment Advisors LLC Has $115,000 Stock Position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Powell Investment Advisors LLC increased its position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 25.2% in the first quarter, Holdings Channel.com reports. The firm owned 18,320 shares of the company’s stock after acquiring an additional 3,693 shares during the period. Powell Investment Advisors LLC’s holdings in Franklin Limited Duration Income Trust were worth $115,000 at the end of the most recent quarter.

Separately, Creative Financial Designs Inc. ADV lifted its holdings in shares of Franklin Limited Duration Income Trust by 18.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 36,296 shares of the company’s stock valued at $226,000 after purchasing an additional 5,667 shares in the last quarter.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF traded down $0.02 during trading on Friday, hitting $6.34. The stock had a trading volume of 174,638 shares, compared to its average volume of 166,003. Franklin Limited Duration Income Trust has a 12 month low of $5.76 and a 12 month high of $6.56.

Franklin Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.64%. The ex-dividend date of this dividend is Tuesday, June 18th.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.