Blue Zone Wealth Advisors LLC Sells 101,637 Shares of BlackRock Limited Duration Income Trust (NYSE:BLW)

Blue Zone Wealth Advisors LLC decreased its stake in BlackRock Limited Duration Income Trust (NYSE:BLW) by 23.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 325,373 shares of the investment management company’s stock after selling 101,637 shares during the quarter. BlackRock Limited Duration Income Trust makes up 1.6% of Blue Zone Wealth Advisors LLC’s holdings, making the stock its 26th largest holding. Blue Zone Wealth Advisors LLC’s holdings in BlackRock Limited Duration Income Trust were worth $4,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of BLW. Nomura Holdings Inc. bought a new position in BlackRock Limited Duration Income Trust in the fourth quarter valued at approximately $211,000. Janney Montgomery Scott LLC increased its holdings in BlackRock Limited Duration Income Trust by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,352 shares of the investment management company’s stock worth $648,000 after buying an additional 1,175 shares during the last quarter. Verity Asset Management Inc. bought a new stake in BlackRock Limited Duration Income Trust during the fourth quarter worth $747,000. LM Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust during the fourth quarter worth $256,000. Finally, Consolidated Portfolio Review Corp acquired a new stake in BlackRock Limited Duration Income Trust in the fourth quarter valued at $383,000.

BlackRock Limited Duration Income Trust Stock Performance

Shares of BLW traded up $0.14 during midday trading on Friday, reaching $14.22. The stock had a trading volume of 80,407 shares, compared to its average volume of 89,667. The firm has a 50 day simple moving average of $13.99 and a 200-day simple moving average of $13.88. BlackRock Limited Duration Income Trust has a one year low of $12.35 and a one year high of $14.31.

BlackRock Limited Duration Income Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.113 per share. This represents a $1.36 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date is Thursday, August 15th.

BlackRock Limited Duration Income Trust 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.