Franklin Universal Trust (FT) Reaches New 12-Month Low at $6.45

Franklin Universal Trust (NYSE:FT) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.45 and last traded at $6.47, with a volume of 23340 shares trading hands. The stock had previously closed at $6.50.

The business also recently announced a oct 18 dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a $0.032 dividend. This represents a dividend yield of 5.81%. The ex-dividend date of this dividend is Tuesday, October 30th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC lifted its stake in shares of Franklin Universal Trust by 1,942.9% in the second quarter. Wolverine Asset Management LLC now owns 58,855 shares of the financial services provider’s stock valued at $393,000 after buying an additional 55,974 shares during the period. SG Americas Securities LLC lifted its stake in Franklin Universal Trust by 90.2% during the second quarter. SG Americas Securities LLC now owns 25,803 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 12,235 shares during the period. Shaker Financial Services LLC lifted its stake in Franklin Universal Trust by 653.7% during the second quarter. Shaker Financial Services LLC now owns 138,616 shares of the financial services provider’s stock worth $926,000 after purchasing an additional 120,224 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Franklin Universal Trust by 7.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 159,549 shares of the financial services provider’s stock worth $1,066,000 after purchasing an additional 11,557 shares during the period. Finally, Financial & Investment Management Group Ltd. lifted its stake in Franklin Universal Trust by 12.7% during the second quarter. Financial & Investment Management Group Ltd. now owns 1,684,657 shares of the financial services provider’s stock worth $11,254,000 after purchasing an additional 190,251 shares during the period. Institutional investors and hedge funds own 18.11% of the company’s stock.

Franklin Universal Trust Company Profile (NYSE:FT)

There is no company description available for Franklin Universal Trust.

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