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

Several other hedge funds and other institutional investors also recently made changes to their positions in FTF. Cetera Investment Advisers increased its position in Franklin Limited Duration Income Trust by 2.6% during the first quarter. Cetera Investment Advisers now owns 939,598 shares of the company’s stock worth $5,891,000 after acquiring an additional 23,440 shares during the period. Cetera Advisors LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the first quarter valued at about $5,621,000. Allspring Global Investments Holdings LLC bought a new position in Franklin Limited Duration Income Trust during the second quarter valued at about $5,064,000. Matisse Capital grew its holdings in shares of Franklin Limited Duration Income Trust by 37.4% during the 1st quarter. Matisse Capital now owns 219,397 shares of the company’s stock worth $1,376,000 after purchasing an additional 59,729 shares in the last quarter. Finally, Capital Wealth Alliance LLC increased its position in shares of Franklin Limited Duration Income Trust by 2.8% during the second quarter. Capital Wealth Alliance LLC now owns 84,644 shares of the company’s stock valued at $537,000 after purchasing an additional 2,345 shares during the period.

Franklin Limited Duration Income Trust Trading Up 0.4 %

Shares of Franklin Limited Duration Income Trust stock 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. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.0615 per share. This represents a $0.74 dividend on an annualized basis and a yield of 10.97%. The ex-dividend date is Thursday, September 19th.

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.