Franklin Universal Trust (NYSE:FT) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC trimmed its position in shares of Franklin Universal Trust (NYSE:FT) by 12.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,813 shares of the financial services provider’s stock after selling 5,308 shares during the quarter. Shaker Financial Services LLC’s holdings in Franklin Universal Trust were worth $264,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Franklin Universal Trust by 20.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 220,671 shares of the financial services provider’s stock valued at $1,465,000 after purchasing an additional 37,408 shares during the period. Uncommon Cents Investing LLC boosted its position in Franklin Universal Trust by 2.4% in the 1st quarter. Uncommon Cents Investing LLC now owns 164,674 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 3,824 shares during the period. Moloney Securities Asset Management LLC grew its stake 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 worth $4,163,000 after acquiring an additional 62,476 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of Franklin Universal Trust in the first quarter worth $514,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Franklin Universal Trust by 654.4% in the second quarter. Commonwealth Equity Services LLC now owns 151,663 shares of the financial services provider’s stock valued at $1,033,000 after acquiring an additional 131,558 shares in the last quarter.

Franklin Universal Trust Trading Down 0.5 %

NYSE:FT opened at $7.30 on Friday. Franklin Universal Trust has a 12-month low of $5.97 and a 12-month high of $7.35. The stock has a fifty day moving average price of $7.01 and a 200 day moving average price of $6.77.

Franklin Universal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.0425 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.99%. The ex-dividend date was 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.