BlackRock Limited Duration Income Trust (NYSE:BLW) Stake Cut by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its position in shares of BlackRock Limited Duration Income Trust (NYSE:BLW – Get Rating) by 34.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 17,663 shares of the investment management company’s stock after selling 9,287 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BlackRock Limited Duration Income Trust were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in BLW. Janney Montgomery Scott LLC lifted its stake in BlackRock Limited Duration Income Trust by 3.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 42,777 shares of the investment management company’s stock worth $721,000 after purchasing an additional 1,420 shares during the last quarter. Missouri Trust & Investment Co acquired a new stake in BlackRock Limited Duration Income Trust in the fourth quarter worth $53,000. Wealth Management Solutions LLC acquired a new stake in BlackRock Limited Duration Income Trust in the fourth quarter worth $278,000. Arete Wealth Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust in the fourth quarter worth $394,000. Finally, Fiera Capital Corp increased its position in BlackRock Limited Duration Income Trust by 2.9% in the fourth quarter. Fiera Capital Corp now owns 70,464 shares of the investment management company’s stock worth $1,187,000 after buying an additional 1,964 shares during the period.

BlackRock Limited Duration Income Trust Stock Up 2.0 %

Shares of NYSE BLW opened at $13.47 on Friday. BlackRock Limited Duration Income Trust has a 1-year low of $12.13 and a 1-year high of $17.64. The business’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.89.

BlackRock Limited Duration Income Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were given a $0.0981 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.18 annualized dividend and a yield of 8.74%.

BlackRock Limited Duration Income Trust Profile

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BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.