29,000 Shares in Franklin Universal Trust (NYSE:FT) Acquired by Noble Wealth Management PBC

Noble Wealth Management PBC bought a new stake in shares of Franklin Universal Trust (NYSE:FT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,000 shares of the financial services provider’s stock, valued at approximately $212,000. Noble Wealth Management PBC owned about 0.12% of Franklin Universal Trust at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. purchased a new stake in Franklin Universal Trust during the third quarter valued at about $79,000. Arete Wealth Advisors LLC purchased a new stake in shares of Franklin Universal Trust in the 3rd quarter valued at approximately $88,000. HighTower Advisors LLC boosted its stake in Franklin Universal Trust by 4.9% in the 3rd quarter. HighTower Advisors LLC now owns 28,804 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 1,354 shares during the period. Janney Montgomery Scott LLC grew its position in Franklin Universal Trust by 2.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,123 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 1,941 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its stake in Franklin Universal Trust by 11.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 126,722 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 13,494 shares during the period.

Franklin Universal Trust Price Performance

NYSE:FT opened at $7.64 on Friday. The business’s fifty day moving average price is $7.48 and its 200 day moving average price is $7.47. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.80.

Franklin Universal Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.0425 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date was Tuesday, February 18th.

About Franklin Universal Trust

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.