BlackRock Limited Duration Income Trust (NYSE:BLW) Declares Monthly Dividend of $0.11

BlackRock Limited Duration Income Trust (NYSE:BLW) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.1132 per share by the investment management company on Friday, October 30th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date is Thursday, October 15th.

BlackRock Limited Duration Income Trust Stock Down 0.6%

Shares of BLW stock opened at $12.38 on Friday. The stock’s 50-day moving average is $12.65 and its two-hundred day moving average is $12.69. BlackRock Limited Duration Income Trust has a 1 year low of $12.06 and a 1 year high of $14.25.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lido Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust during the 4th quarter worth approximately $956,000. Morgan Stanley raised its stake in shares of BlackRock Limited Duration Income Trust by 1.2% during the fourth quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock worth $63,111,000 after purchasing an additional 55,856 shares during the last quarter. UBS Group AG lifted its holdings in shares of BlackRock Limited Duration Income Trust by 8.9% during the third quarter. UBS Group AG now owns 649,166 shares of the investment management company’s stock worth $9,088,000 after purchasing an additional 52,821 shares during the period. Readystate Asset Management LP purchased a new position in BlackRock Limited Duration Income Trust in the 2nd quarter valued at $642,000. Finally, Fiera Capital Corp increased its stake in BlackRock Limited Duration Income Trust by 29.0% in the 4th quarter. Fiera Capital Corp now owns 153,453 shares of the investment management company’s stock valued at $2,108,000 after buying an additional 34,480 shares during the period.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide shareholders with high current income while maintaining a low portfolio duration. The trust primarily invests in a diversified portfolio of investment-grade corporate bonds, mortgage-backed securities and other fixed-income instruments. By focusing on limited-duration securities, BLW aims to reduce interest rate sensitivity relative to broad bond market benchmarks.

Launched in 2011, BLW is managed by a team of fixed-income specialists at BlackRock Advisors LLC, drawing on the firm’s global credit research capabilities and risk-management infrastructure.