SeaCrest Wealth Management LLC raised its holdings in shares of Franklin Universal Trust (NYSE:FT) by 52.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,536 shares of the financial services provider’s stock after purchasing an additional 7,375 shares during the period. SeaCrest Wealth Management LLC’s holdings in Franklin Universal Trust were worth $158,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. NEXT Financial Group Inc increased its holdings in Franklin Universal Trust by 176.9% during the 2nd quarter. NEXT Financial Group Inc now owns 8,308 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 5,308 shares in the last quarter. Cardan Capital Partners LLC increased its holdings in Franklin Universal Trust by 8.4% during the 2nd quarter. Cardan Capital Partners LLC now owns 50,724 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 3,929 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in Franklin Universal Trust by 10.2% during the 2nd quarter. Uncommon Cents Investing LLC now owns 83,945 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 7,760 shares in the last quarter. Almitas Capital LLC increased its holdings in Franklin Universal Trust by 21.5% during the 1st quarter. Almitas Capital LLC now owns 328,755 shares of the financial services provider’s stock valued at $2,314,000 after acquiring an additional 58,163 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. purchased a new position in Franklin Universal Trust during the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.
Shares of Franklin Universal Trust stock traded up $0.01 during mid-day trading on Friday, hitting $7.42. 56,264 shares of the stock were exchanged, compared to its average volume of 58,667. Franklin Universal Trust has a twelve month low of $6.05 and a twelve month high of $7.50. The stock has a 50-day moving average of $7.30.
The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.032 per share. The ex-dividend date is Tuesday, July 30th. This represents a $0.38 annualized dividend and a dividend yield of 5.18%.
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.
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