Blue Bell Private Wealth Management LLC Grows Position in Franklin Universal Trust (NYSE:FT)

Blue Bell Private Wealth Management LLC raised its holdings in shares of Franklin Universal Trust (NYSE:FT) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,210 shares of the financial services provider’s stock after buying an additional 1,632 shares during the quarter. Blue Bell Private Wealth Management LLC’s holdings in Franklin Universal Trust were worth $82,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of FT. Janney Montgomery Scott LLC grew its holdings in shares of Franklin Universal Trust by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock worth $734,000 after buying an additional 1,941 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Franklin Universal Trust during the third quarter worth $79,000. HighTower Advisors LLC grew its holdings in shares of Franklin Universal Trust by 4.9% during the third quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider’s stock worth $218,000 after buying an additional 1,354 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Franklin Universal Trust by 11.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider’s stock valued at $958,000 after acquiring an additional 13,494 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Franklin Universal Trust by 4.5% during the 3rd quarter. Stifel Financial Corp now owns 256,582 shares of the financial services provider’s stock valued at $1,940,000 after acquiring an additional 11,047 shares during the last quarter.

Franklin Universal Trust Price Performance

Shares of FT stock opened at $7.53 on Friday. The company’s 50-day moving average price is $7.50 and its 200-day moving average price is $7.48. Franklin Universal Trust has a twelve month low of $6.34 and a twelve month high of $7.80.

Franklin Universal Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.0425 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.51 annualized dividend and a dividend yield of 6.77%.

About Franklin Universal Trust

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.