Franklin Universal Trust (FT) Research
Established on September 23, 1988, Franklin Universal Trust operates as a U.S.-domiciled, closed-end balanced mutual fund. It was initiated by Franklin Resources, Inc. and is actively managed by Franklin Advisers, Inc. The fund directs its capital towards the public equity and fixed income markets throughout the United States, specifically focusing its equity investments on the utility sector. Employing fundamental analysis, it constructs a diverse portfolio comprising corporate debt instruments and dividend-yielding utility stocks. For performance evaluation, the trust measures its equity holdings against the S&P 500 Electric Utilities Index, while its fixed income components are benchmarked against the Credit Suisse High Yield.
Market snapshot
- Symbol
- FT
- Price
- $8.01
- Day change
- 0.00%
- Market cap
- $201.3M
- P/E ratio
- 6.16x
- 52-week range
- 7.44-8.35
- Sector
- Financial Services
- Industry
- Asset Management
Recent news
- DayOne plans dual IPO in Singapore and US, FT reports
Global data centre operator DayOne, affiliated with China's GDS Holdings , is planning to list simultaneously in Singapore and the U.S. in a move that is set to raise $5 billion, the Financial Times reported on Sunday.
Peer companies
- BlackRock Investment Quality Municipal Trust Inc. (BKN)
- Western Asset Global High Income Fund Inc. (EHI)
- Flaherty & Crumrine Total Return Fund Inc. (FLC)
- Franklin Limited Duration Income Trust (FTF)
- ProFunds Internet UltraSector Fund Investor Class (INPIX)
- NexPoint Diversified Real Estate Trust (NXDT)
- Provident Trust Strategy Fund (PROVX)
- Royce Micro Cap Fund Financial Intermediary Class (RMCFX)
Recent insider activity
- Davis Bjorn — trade (0 shares) on 2024-10-23
- MetLife Investment Management, LLC — J-Other (5000000 shares) on 2023-09-15
- Kymn Alexander — trade (0 shares) on 2023-06-01
- Hoyt George P. — trade (0 shares) on 2023-06-01
- Gormel Tara E. — trade (0 shares) on 2023-06-01
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