UBS Group AG Raises Stock Position in BlackRock Limited Duration Income Trust $BLW

UBS Group AG grew its holdings in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 7.4% during the fourth quarter, Holdings Channel reports. The firm owned 697,442 shares of the investment management company’s stock after purchasing an additional 48,276 shares during the quarter. UBS Group AG’s holdings in BlackRock Limited Duration Income Trust were worth $9,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Readystate Asset Management LP purchased a new stake in BlackRock Limited Duration Income Trust during the third quarter worth about $150,000. Moloney Securities Asset Management LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the third quarter worth about $154,000. Samalin Investment Counsel LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the third quarter worth about $170,000. Ameriprise Financial Inc. grew its position in shares of BlackRock Limited Duration Income Trust by 105.5% during the third quarter. Ameriprise Financial Inc. now owns 28,108 shares of the investment management company’s stock worth $394,000 after buying an additional 14,431 shares in the last quarter. Finally, Smith Asset Management Co. LLC grew its position in shares of BlackRock Limited Duration Income Trust by 2.0% during the third quarter. Smith Asset Management Co. LLC now owns 53,491 shares of the investment management company’s stock worth $749,000 after buying an additional 1,028 shares in the last quarter.

BlackRock Limited Duration Income Trust Price Performance

Shares of BlackRock Limited Duration Income Trust stock opened at $12.40 on Friday. BlackRock Limited Duration Income Trust has a one year low of $12.06 and a one year high of $14.30. The business has a 50-day simple moving average of $12.80 and a 200-day simple moving average of $13.43.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.1132 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%.

BlackRock Limited Duration Income Trust Profile

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.