47,237 BlackRock Limited Duration Income Trust $BLW Shares Bought by Shaker Financial Services LLC

Shaker Financial Services LLC boosted its stake in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 348,687 shares of the investment management company’s stock after buying an additional 47,237 shares during the quarter. BlackRock Limited Duration Income Trust makes up 1.3% of Shaker Financial Services LLC’s portfolio, making the stock its 21st largest position. Shaker Financial Services LLC’s holdings in BlackRock Limited Duration Income Trust were worth $4,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BLW. Venture Visionary Partners LLC raised its stake in shares of BlackRock Limited Duration Income Trust by 10.5% during the fourth quarter. Venture Visionary Partners LLC now owns 267,792 shares of the investment management company’s stock valued at $3,679,000 after acquiring an additional 25,530 shares in the last quarter. Royal Bank of Canada increased its holdings in BlackRock Limited Duration Income Trust by 2.9% during the 1st quarter. Royal Bank of Canada now owns 181,162 shares of the investment management company’s stock worth $2,281,000 after purchasing an additional 5,191 shares during the period. Smith Asset Management Co. LLC increased its holdings in BlackRock Limited Duration Income Trust by 1.9% during the 4th quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock worth $749,000 after purchasing an additional 1,003 shares during the period. Wealth Alliance LLC raised its position in BlackRock Limited Duration Income Trust by 4.0% during the 1st quarter. Wealth Alliance LLC now owns 53,908 shares of the investment management company’s stock valued at $679,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of BlackRock Limited Duration Income Trust by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock worth $661,000 after buying an additional 822 shares during the period.

BlackRock Limited Duration Income Trust Stock Performance

Shares of BLW stock traded down $0.11 on Wednesday, hitting $11.59. The stock had a trading volume of 78,709 shares, compared to its average volume of 149,686. BlackRock Limited Duration Income Trust has a one year low of $11.43 and a one year high of $14.10. The business has a 50 day moving average price of $12.28 and a 200 day moving average price of $12.45.

BlackRock Limited Duration Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.1132 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.36 dividend on an annualized basis and a yield of 11.7%.

BlackRock Limited Duration Income Trust Company Profile

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in a diversified portfolio of debt securities.

Its investments may include corporate bonds, government and agency securities, mortgage- and asset-backed securities, floating-rate loans, and other fixed-income instruments. The portfolio can include both investment-grade and below-investment-grade securities, giving the fund exposure to a range of credit markets while also introducing varying levels of credit and liquidity risk.

As a limited-duration fund, BLW is structured to maintain relatively modest sensitivity to changes in interest rates compared with longer-duration fixed-income portfolios.