Filing Watching: Learn Why Rivernorth Capital Management Just Purchased Franklin Ltd Duration Income Trust Stake?

Filing Watching: Learn Why Rivernorth Capital Management Just Purchased Franklin Ltd Duration Income Trust Stake?

The New Rivernorth Capital Management Holding in Franklin Ltd Duration Income Trust

Rivernorth Capital Management filed with the SEC SC 13D/A form for Franklin Ltd Duration Income Trust. The form can be accessed here: 000091384916000653. As reported in Rivernorth Capital Management’s form, the filler as of late owns 50.6% or 1,820 shares of the Finance–company.

Franklin Ltd Duration Income Trust stake is a new one for the for this institutional investor and it was filed because of activity on October 27, 2016. We feel this shows Rivernorth Capital Management’s positive view for the stock. For a institutional investor managing $2.15 billion in assets and having 18+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Rivernorth Capital Management website.

The stock decreased 0.67% or $0.08 on November 2, hitting $11.85. About 29,822 shares traded hands. Franklin Limited Duration Income Trust of Beneficial Interest (NYSEMKT:FTF) has risen 5.20% since March 31, 2016 and is uptrending. It has outperformed by 2.68% the S&P500.

More news for Franklin Limited Duration Income Trust of Beneficial Interest (NYSEMKT:FTF) were recently published by: Streetinsider.com, which released: “Form DEFA14A FRANKLIN LTD DURATION” on September 07, 2016. Forbes.com‘s article titled: “Why Are Yield-Starved Investors Ignoring Closed-End Funds?” and published on September 09, 2016 is yet another important article.

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