LLBH Private Wealth Management LLC bought a new stake in shares of BlackRock Ltd. Duration Income Trust (NYSE:BLW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,043 shares of the investment management company’s stock, valued at approximately $379,000.

Other hedge funds have also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC increased its stake in shares of BlackRock Ltd. Duration Income Trust by 0.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 65,930 shares of the investment management company’s stock valued at $1,040,000 after buying an additional 165 shares during the period. HL Financial Services LLC increased its position in BlackRock Ltd. Duration Income Trust by 6.9% in the second quarter. HL Financial Services LLC now owns 15,500 shares of the investment management company’s stock worth $245,000 after buying an additional 1,000 shares during the period. Pointe Capital Management LLC increased its position in BlackRock Ltd. Duration Income Trust by 28.3% in the second quarter. Pointe Capital Management LLC now owns 61,999 shares of the investment management company’s stock worth $978,000 after buying an additional 13,668 shares during the period. Finally, Shaker Financial Services LLC increased its position in BlackRock Ltd. Duration Income Trust by 112.5% in the second quarter. Shaker Financial Services LLC now owns 82,844 shares of the investment management company’s stock worth $1,307,000 after buying an additional 43,860 shares during the period.

BlackRock Ltd. Duration Income Trust (NYSE:BLW) opened at 15.90 on Tuesday. BlackRock Ltd. Duration Income Trust has a 1-year low of $14.74 and a 1-year high of $16.14. The stock has a 50 day moving average of $15.82 and a 200-day moving average of $15.72.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.079 per share. The ex-dividend date is Friday, August 11th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 5.96%.

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In other news, major shareholder Citigroup Inc sold 1,004 shares of BlackRock Ltd. Duration Income Trust stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $50,000.00, for a total transaction of $50,200,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 1,248 shares of company stock worth $56,300,000.

BlackRock Ltd. Duration Income Trust Company Profile

BlackRock Limited Duration Income Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation. It seeks to achieve its investment objective by investing in three asset classes, such as intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and the United States Government and agency securities; senior, secured floating rate loans made to corporate and other business entities, and the United States dollar-denominated securities of the United States and non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality and, to a limited extent, non-United States dollar denominated securities of non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality.

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Institutional Ownership by Quarter for BlackRock Ltd. Duration Income Trust (NYSE:BLW)

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