Encompass More Asset Management Acquires 3,257 Shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

Encompass More Asset Management lifted its stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 89,833 shares of the company’s stock after acquiring an additional 3,257 shares during the quarter. Encompass More Asset Management’s holdings in Franklin Limited Duration Income Trust were worth $596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTF. Covenant Partners LLC purchased a new position in shares of Franklin Limited Duration Income Trust in the third quarter worth about $69,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Franklin Limited Duration Income Trust by 15.7% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 12,519 shares of the company’s stock valued at $79,000 after purchasing an additional 1,700 shares during the period. Virtu Financial LLC bought a new position in shares of Franklin Limited Duration Income Trust in the third quarter worth approximately $108,000. Stifel Financial Corp increased its stake in shares of Franklin Limited Duration Income Trust by 17.1% in the third quarter. Stifel Financial Corp now owns 18,037 shares of the company’s stock worth $120,000 after buying an additional 2,633 shares during the period. Finally, Jane Street Group LLC bought a new stake in Franklin Limited Duration Income Trust during the 3rd quarter valued at $130,000.

Franklin Limited Duration Income Trust Trading Up 0.3 %

Shares of FTF opened at $6.56 on Friday. Franklin Limited Duration Income Trust has a twelve month low of $6.08 and a twelve month high of $6.83.

Franklin Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 21st will be issued a dividend of $0.0615 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.74 dividend on an annualized basis and a yield of 11.25%.

Franklin Limited Duration Income Trust 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.