Integrated Wealth Concepts LLC Increases Stake in Franklin Universal Trust (NYSE:FT)

Integrated Wealth Concepts LLC increased its holdings in Franklin Universal Trust (NYSE:FT) by 11.9% in the third quarter, Holdings Channel reports. The fund owned 126,722 shares of the financial services provider’s stock after purchasing an additional 13,494 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Franklin Universal Trust were worth $958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in Franklin Universal Trust by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 1,941 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Franklin Universal Trust by 18.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 262,024 shares of the financial services provider’s stock worth $1,784,000 after acquiring an additional 41,353 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Franklin Universal Trust during the 1st quarter worth $514,000. Commonwealth Equity Services LLC boosted its position in Franklin Universal Trust by 654.4% during the second quarter. Commonwealth Equity Services LLC now owns 151,663 shares of the financial services provider’s stock valued at $1,033,000 after purchasing an additional 131,558 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position in Franklin Universal Trust by 3.7% during the second quarter. Wolverine Asset Management LLC now owns 145,638 shares of the financial services provider’s stock valued at $992,000 after purchasing an additional 5,192 shares in the last quarter.

Franklin Universal Trust Price Performance

FT stock opened at $7.70 on Monday. Franklin Universal Trust has a one year low of $6.34 and a one year high of $7.80. The firm has a 50-day simple moving average of $7.57 and a two-hundred day simple moving average of $7.22.

Franklin Universal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.0425 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.51 annualized dividend and a dividend yield of 6.62%.

Franklin Universal Trust Profile

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.