City of London Investment Management Co. Ltd. Sells 696,267 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

City of London Investment Management Co. Ltd. cut its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 88.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,000 shares of the company’s stock after selling 696,267 shares during the quarter. City of London Investment Management Co. Ltd.’s holdings in Franklin Limited Duration Income Trust were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Moloney Securities Asset Management LLC acquired a new stake in shares of Franklin Limited Duration Income Trust in the 1st quarter valued at $63,000. Choreo LLC acquired a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $85,000. Avantax Advisory Services Inc. raised its stake in shares of Franklin Limited Duration Income Trust by 10.1% during the first quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock worth $112,000 after buying an additional 1,650 shares during the last quarter. Powell Investment Advisors LLC lifted its holdings in Franklin Limited Duration Income Trust by 25.2% in the first quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock valued at $115,000 after buying an additional 3,693 shares during the period. Finally, 9258 Wealth Management LLC bought a new position in Franklin Limited Duration Income Trust in the first quarter valued at approximately $171,000.

Franklin Limited Duration Income Trust Price Performance

FTF opened at $6.73 on Monday. Franklin Limited Duration Income Trust has a 52 week low of $5.76 and a 52 week high of $6.75.

Franklin Limited Duration Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 19th will be paid a dividend of $0.0615 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 10.97%.

About Franklin Limited Duration Income Trust

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.