Franklin Universal Trust (NYSE:FT) Stock Price Breaks Below Fifty Day Moving Average – Here’s What Happened

Posted by Stanley Muller on Oct 23rd, 2026

Shares of Franklin Universal Trust (NYSE:FT – Get Free Report) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $7.42 and traded as low as $7.19. Franklin Universal Trust shares last traded at $7.29, with a volume of 80,120 shares changing hands.

Franklin Universal Trust Price Performance

The stock has a fifty day simple moving average of $7.42 and a 200-day simple moving average of $7.83.

Franklin Universal Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be paid a dividend of $0.0425 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 7.0%.

Hedge Funds Weigh In On Franklin Universal Trust

A hedge fund recently bought a new stake in Franklin Universal Trust stock. Independent Financial Group LLC purchased a new position in shares of Franklin Universal Trust (NYSE:FT – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,362 shares of the financial services provider’s stock, valued at approximately $99,000.

About Franklin Universal Trust

(Get Free Report)

Franklin Universal Trust is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol FT. The fund seeks to provide a high level of current income while also pursuing capital appreciation through investments in a range of debt and equity securities.

The trust has historically emphasized securities issued by companies in utility-related industries, including electric, gas, telecommunications and other infrastructure businesses. Its portfolio may include common and preferred stocks, corporate bonds and other income-producing investments, allowing the fund to participate in both equity and fixed-income markets.

Franklin Universal Trust is managed by Franklin Advisers, Inc, an affiliate of Franklin Resources, Inc, which operates under the Franklin Templeton brand.