Franklin Universal Trust (NYSE:FT) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its position in shares of Franklin Universal Trust (NYSE:FT) by 18.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 262,024 shares of the financial services provider’s stock after buying an additional 41,353 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Franklin Universal Trust were worth $1,784,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wolverine Asset Management LLC increased its position in Franklin Universal Trust by 4,159.1% during the fourth quarter. Wolverine Asset Management LLC now owns 70,829 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 69,166 shares during the period. Cetera Advisors LLC bought a new position in Franklin Universal Trust during the 1st quarter worth approximately $514,000. Uncommon Cents Investing LLC raised its holdings in Franklin Universal Trust by 2.4% during the 1st quarter. Uncommon Cents Investing LLC now owns 164,674 shares of the financial services provider’s stock worth $1,093,000 after buying an additional 3,824 shares during the period. Moloney Securities Asset Management LLC raised its holdings in shares of Franklin Universal Trust by 11.1% in the first quarter. Moloney Securities Asset Management LLC now owns 626,915 shares of the financial services provider’s stock valued at $4,163,000 after purchasing an additional 62,476 shares during the last quarter. Finally, PFG Investments LLC acquired a new stake in shares of Franklin Universal Trust in the first quarter valued at approximately $85,000.

Franklin Universal Trust Stock Performance

Shares of Franklin Universal Trust stock remained flat at $7.12 during trading on Monday. 12,526 shares of the stock were exchanged, compared to its average volume of 51,903. The firm’s 50 day moving average price is $6.90 and its 200-day moving average price is $6.71. Franklin Universal Trust has a 52 week low of $5.97 and a 52 week high of $7.15.

Franklin Universal Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be given a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date is Monday, August 19th.

Franklin Universal Trust Company Profile

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.