Franklin Universal Trust (NYSE:FT) Stock Price Up as Sentiment Improves

Sentiment for Franklin Universal Trust (NYSE:FT)

Franklin Universal Trust (NYSE:FT) institutional sentiment increased to 2.36 in Q3 2018. Its up 0.90, from 1.46 in 2018Q2. The ratio improved, as 26 investment managers increased or started new equity positions, while 11 cut down and sold holdings in Franklin Universal Trust. The investment managers in our partner’s database now own: 4.83 million shares, up from 4.16 million shares in 2018Q2. Also, the number of investment managers holding Franklin Universal Trust in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 8 Increased: 17 New Position: 9.

The stock decreased 0.91% or $0.06 during the last trading session, reaching $6.52. About 12,673 shares traded. Franklin Universal Trust (NYSE:FT) has declined 10.06% since January 14, 2018 and is downtrending. It has underperformed by 10.06% the S&P500.

Financial & Investment Management Group Ltd holds 3.54% of its portfolio in Franklin Universal Trust for 1.62 million shares. Shaker Financial Services Llc owns 224,442 shares or 0.72% of their US portfolio. Moreover, Koshinski Asset Management Inc. has 0.48% invested in the company for 503,921 shares. The Missouri-based Benjamin F. Edwards & Company Inc. has invested 0.1% in the stock. First Commonwealth Financial Corp Pa, a Pennsylvania-based fund reported 13,304 shares.

Another recent and important Franklin Universal Trust (NYSE:FT) news was published by Seekingalpha.com which published an article titled: “FT: Tencent Music hires banks for IPO that could value it at $30B – Seeking Alpha” on May 30, 2018.

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