Waterfront Wealth Inc. Sells 13,460 Shares of BlackRock Limited Duration Income Trust (NYSE:BLW)

Waterfront Wealth Inc. cut its holdings in BlackRock Limited Duration Income Trust (NYSE:BLW) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,546 shares of the investment management company’s stock after selling 13,460 shares during the period. Waterfront Wealth Inc.’s holdings in BlackRock Limited Duration Income Trust were worth $545,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Prospera Financial Services Inc increased its holdings in shares of BlackRock Limited Duration Income Trust by 18.7% in the third quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after buying an additional 1,939 shares during the period. Round Rock Advisors LLC bought a new position in BlackRock Limited Duration Income Trust during the 4th quarter worth approximately $190,000. MML Investors Services LLC grew its position in BlackRock Limited Duration Income Trust by 14.2% during the 3rd quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock worth $217,000 after acquiring an additional 1,864 shares during the last quarter. Consolidated Portfolio Review Corp increased its stake in BlackRock Limited Duration Income Trust by 3.3% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock worth $397,000 after purchasing an additional 876 shares during the period. Finally, Principal Securities Inc. lifted its position in BlackRock Limited Duration Income Trust by 95.3% in the third quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock valued at $3,097,000 after purchasing an additional 104,388 shares during the last quarter.

BlackRock Limited Duration Income Trust Price Performance

NYSE:BLW opened at $14.22 on Friday. BlackRock Limited Duration Income Trust has a fifty-two week low of $13.24 and a fifty-two week high of $14.63. The business has a 50 day moving average price of $14.22 and a 200-day moving average price of $14.30.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.1132 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 9.55%. The ex-dividend date is Friday, February 14th. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

About BlackRock Limited Duration Income Trust

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.