Sit Investment Associates Inc. Sells 483,298 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Sit Investment Associates Inc. cut its holdings in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 61.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,991 shares of the company’s stock after selling 483,298 shares during the period. Sit Investment Associates Inc.’s holdings in Franklin Limited Duration Income Trust were worth $1,982,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FTF. Wells Fargo & Company MN boosted its stake in shares of Franklin Limited Duration Income Trust by 13.1% during the 4th quarter. Wells Fargo & Company MN now owns 721,088 shares of the company’s stock worth $4,781,000 after acquiring an additional 83,285 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Franklin Limited Duration Income Trust during the fourth quarter worth approximately $85,000. Uniting Wealth Partners LLC acquired a new position in Franklin Limited Duration Income Trust during the fourth quarter valued at approximately $66,000. LPL Financial LLC grew its holdings in Franklin Limited Duration Income Trust by 1,283.0% during the fourth quarter. LPL Financial LLC now owns 874,447 shares of the company’s stock valued at $5,798,000 after purchasing an additional 811,219 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Franklin Limited Duration Income Trust by 83.5% in the fourth quarter. Advisors Asset Management Inc. now owns 531,178 shares of the company’s stock valued at $3,522,000 after purchasing an additional 241,778 shares during the period.

Franklin Limited Duration Income Trust Stock Down 4.2 %

NYSEAMERICAN FTF opened at $6.10 on Monday. Franklin Limited Duration Income Trust has a 1 year low of $6.00 and a 1 year high of $6.83. The business’s fifty day moving average price is $6.53.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.0615 dividend. This represents a $0.74 annualized dividend and a dividend yield of 12.10%. The ex-dividend date was Monday, March 17th.

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.