Rockport Wealth LLC Buys New Shares in BlackRock Limited Duration Income Trust (NYSE:BLW)

Rockport Wealth LLC bought a new stake in BlackRock Limited Duration Income Trust (NYSE:BLW) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 26,665 shares of the investment management company’s stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. lifted its position in BlackRock Limited Duration Income Trust by 7.8% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 14,488 shares of the investment management company’s stock valued at $203,000 after buying an additional 1,054 shares in the last quarter. Nomura Holdings Inc. acquired a new position in BlackRock Limited Duration Income Trust during the fourth quarter valued at approximately $211,000. LM Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust during the fourth quarter valued at approximately $256,000. PFG Investments LLC acquired a new position in BlackRock Limited Duration Income Trust during the first quarter valued at approximately $361,000. Finally, Consolidated Portfolio Review Corp acquired a new position in BlackRock Limited Duration Income Trust during the fourth quarter valued at approximately $383,000.

BlackRock Limited Duration Income Trust Trading Up 0.2 %

BLW stock traded up $0.03 during midday trading on Tuesday, reaching $13.93. 96,733 shares of the company’s stock traded hands, compared to its average volume of 89,219. BlackRock Limited Duration Income Trust has a fifty-two week low of $12.35 and a fifty-two week high of $14.31. The business has a 50-day moving average price of $13.89 and a two-hundred day moving average price of $13.86.

BlackRock Limited Duration Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.1132 dividend. The ex-dividend date of this dividend is Monday, July 15th. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.36 annualized dividend and a yield of 9.75%.

BlackRock Limited Duration Income Trust Company Profile

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.