Raymond James Financial Inc. bought a new position in Franklin Universal Trust (NYSE:FT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 84,011 shares of the financial services provider's stock, valued at approximately $614,000. Raymond James Financial Inc. owned 0.33% of Franklin Universal Trust at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC acquired a new position in Franklin Universal Trust during the third quarter valued at approximately $88,000. HighTower Advisors LLC lifted its holdings in shares of Franklin Universal Trust by 4.9% during the 3rd quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider's stock valued at $218,000 after acquiring an additional 1,354 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in Franklin Universal Trust during the 4th quarter worth $212,000. Janney Montgomery Scott LLC increased its holdings in Franklin Universal Trust by 22.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 118,611 shares of the financial services provider's stock valued at $867,000 after purchasing an additional 21,488 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Franklin Universal Trust by 11.9% in the third quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider's stock valued at $958,000 after purchasing an additional 13,494 shares during the period.
Franklin Universal Trust Price Performance
Shares of NYSE FT traded up $0.03 on Friday, hitting $7.07. The company had a trading volume of 49,360 shares, compared to its average volume of 43,900. Franklin Universal Trust has a 12-month low of $6.34 and a 12-month high of $7.80. The business has a 50 day moving average of $7.48 and a two-hundred day moving average of $7.49.
Franklin Universal Trust Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, April 17th will be issued a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date of this dividend is Thursday, April 17th.
Franklin Universal Trust Profile
(
Free Report)
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.
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