Penserra Capital Management LLC Invests $7.65 Million in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Penserra Capital Management LLC bought a new position in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 1,146,405 shares of the company’s stock, valued at approximately $7,646,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Pathstone Holdings LLC boosted its position in shares of Franklin Limited Duration Income Trust by 20.6% in the third quarter. Pathstone Holdings LLC now owns 1,758,725 shares of the company’s stock worth $11,731,000 after purchasing an additional 300,528 shares during the period. Cetera Investment Advisers boosted its holdings in Franklin Limited Duration Income Trust by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock worth $5,891,000 after buying an additional 23,440 shares during the period. Cetera Advisors LLC purchased a new stake in Franklin Limited Duration Income Trust in the 1st quarter worth $5,621,000. Allspring Global Investments Holdings LLC bought a new stake in Franklin Limited Duration Income Trust during the second quarter valued at about $5,064,000. Finally, Advisors Asset Management Inc. lifted its position in shares of Franklin Limited Duration Income Trust by 204.7% in the third quarter. Advisors Asset Management Inc. now owns 289,400 shares of the company’s stock valued at $1,930,000 after acquiring an additional 194,407 shares in the last quarter.

Franklin Limited Duration Income Trust Stock Performance

Franklin Limited Duration Income Trust stock opened at $6.60 on Monday. Franklin Limited Duration Income Trust has a 1 year low of $6.08 and a 1 year high of $6.83.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be paid a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date of this dividend is Monday, November 18th.

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.