BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in BlackRock Limited Duration Income Trust (NYSE:BLWGet Rating) by 27.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,625 shares of the investment management company’s stock after selling 38,131 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Limited Duration Income Trust were worth $1,260,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock Limited Duration Income Trust by 655.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,927 shares of the investment management company’s stock worth $85,000 after buying an additional 5,142 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in shares of BlackRock Limited Duration Income Trust by 71.5% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 10,816 shares of the investment management company’s stock worth $137,000 after purchasing an additional 4,509 shares during the period. OTA Financial Group L.P. raised its holdings in shares of BlackRock Limited Duration Income Trust by 9.8% in the 2nd quarter. OTA Financial Group L.P. now owns 17,522 shares of the investment management company’s stock worth $221,000 after purchasing an additional 1,568 shares during the period. Mariner LLC purchased a new position in shares of BlackRock Limited Duration Income Trust in the 1st quarter worth about $237,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of BlackRock Limited Duration Income Trust in the 1st quarter worth about $276,000.

BlackRock Limited Duration Income Trust Stock Performance

BlackRock Limited Duration Income Trust stock opened at $12.86 on Wednesday. The stock’s 50-day moving average is $12.64 and its 200-day moving average is $13.06. BlackRock Limited Duration Income Trust has a 12 month low of $11.76 and a 12 month high of $17.22.

BlackRock Limited Duration Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be issued a $0.098 dividend. The ex-dividend date is Monday, November 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 9.14%.

BlackRock Limited Duration Income Trust Company 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.

See Also

Institutional Ownership by Quarter for BlackRock Limited Duration Income Trust (NYSE:BLW)

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