NINE MASTS CAPITAL Ltd Takes $287,000 Position in Franklin Limited Duration Income Trust (FTF)

NINE MASTS CAPITAL Ltd bought a new stake in shares of Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 28,200 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James & Associates grew its stake in Franklin Limited Duration Income Trust by 10.4% during the second quarter. Raymond James & Associates now owns 204,698 shares of the company’s stock valued at $2,235,000 after acquiring an additional 19,220 shares in the last quarter. Koshinski Asset Management Inc. grew its stake in Franklin Limited Duration Income Trust by 14.5% during the third quarter. Koshinski Asset Management Inc. now owns 162,369 shares of the company’s stock valued at $1,653,000 after acquiring an additional 20,610 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Franklin Limited Duration Income Trust by 15.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 56,453 shares of the company’s stock valued at $616,000 after acquiring an additional 7,553 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Franklin Limited Duration Income Trust by 8.8% during the second quarter. Commonwealth Equity Services LLC now owns 56,189 shares of the company’s stock valued at $614,000 after acquiring an additional 4,542 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. purchased a new position in Franklin Limited Duration Income Trust during the third quarter valued at $445,000.

Shares of NYSEAMERICAN:FTF opened at $9.34 on Friday. Franklin Limited Duration Income Trust has a 52 week low of $9.15 and a 52 week high of $12.05.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.091 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 11.69%.

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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.

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Want to see what other hedge funds are holding FTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF).

Institutional Ownership by Quarter for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)

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