Uncommon Cents Investing LLC Has $973,000 Stock Position in Franklin Universal Trust (NYSE:FT)

Uncommon Cents Investing LLC increased its position in shares of Franklin Universal Trust (NYSE:FTGet Rating) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 130,583 shares of the financial services provider’s stock after purchasing an additional 9,493 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Franklin Universal Trust were worth $973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FT. Foundations Investment Advisors LLC raised its position in Franklin Universal Trust by 35.0% in the first quarter. Foundations Investment Advisors LLC now owns 47,119 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 12,212 shares during the period. Moloney Securities Asset Management LLC boosted its stake in Franklin Universal Trust by 4.8% during the first quarter. Moloney Securities Asset Management LLC now owns 304,453 shares of the financial services provider’s stock valued at $2,466,000 after buying an additional 13,816 shares during the period. Cetera Investment Advisers boosted its stake in Franklin Universal Trust by 19.7% during the first quarter. Cetera Investment Advisers now owns 16,672 shares of the financial services provider’s stock valued at $135,000 after buying an additional 2,743 shares during the period. NewEdge Advisors LLC boosted its stake in Franklin Universal Trust by 15.8% during the first quarter. NewEdge Advisors LLC now owns 16,100 shares of the financial services provider’s stock valued at $130,000 after buying an additional 2,200 shares during the period. Finally, UBS Group AG boosted its stake in Franklin Universal Trust by 19.0% during the first quarter. UBS Group AG now owns 96,278 shares of the financial services provider’s stock valued at $780,000 after buying an additional 15,368 shares during the period.

Franklin Universal Trust Price Performance

NYSE:FT traded down $0.10 during trading hours on Friday, hitting $7.20. 317 shares of the company’s stock traded hands, compared to its average volume of 44,495. Franklin Universal Trust has a 52 week low of $7.02 and a 52 week high of $8.79. The business’s fifty day simple moving average is $7.74 and its two-hundred day simple moving average is $7.73.

Franklin Universal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 19th will be paid a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a yield of 7.08%. The ex-dividend date is Friday, September 16th.

About Franklin Universal Trust

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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.

See Also

Institutional Ownership by Quarter for Franklin Universal Trust (NYSE:FT)

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