Wolverine Asset Management LLC Raises Position in Franklin Universal Trust (FT)

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Wolverine Asset Management LLC increased its stake in shares of Franklin Universal Trust (NYSE:FT) by 1,942.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,855 shares of the financial services provider’s stock after purchasing an additional 55,974 shares during the period. Wolverine Asset Management LLC owned 0.23% of Franklin Universal Trust worth $393,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in Franklin Universal Trust by 25.9% in the 1st quarter. Wells Fargo & Company MN now owns 337,380 shares of the financial services provider’s stock worth $2,280,000 after purchasing an additional 69,368 shares during the period. Landscape Capital Management L.L.C. increased its stake in Franklin Universal Trust by 35.6% during the 1st quarter. Landscape Capital Management L.L.C. now owns 31,060 shares of the financial services provider’s stock worth $210,000 after buying an additional 8,148 shares in the last quarter. RMB Capital Management LLC purchased a new stake in Franklin Universal Trust during the 1st quarter worth approximately $129,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Franklin Universal Trust by 6.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 139,448 shares of the financial services provider’s stock worth $942,000 after buying an additional 8,087 shares in the last quarter. Finally, Financial & Investment Management Group Ltd. increased its stake in Franklin Universal Trust by 12.7% during the 2nd quarter. Financial & Investment Management Group Ltd. now owns 1,684,657 shares of the financial services provider’s stock worth $11,254,000 after buying an additional 190,251 shares in the last quarter. Hedge funds and other institutional investors own 18.36% of the company’s stock.

NYSE:FT opened at $6.77 on Friday. Franklin Universal Trust has a 12 month low of $6.55 and a 12 month high of $7.36.

The company also recently disclosed a aug 18 dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were paid a dividend of $0.032 per share. The ex-dividend date was Thursday, August 30th. This represents a yield of 5.7%.

About Franklin Universal Trust

There is no company description available for Franklin Universal Trust.

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

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