Shaker Financial Services LLC Buys 47,237 Shares of BlackRock Limited Duration Income Trust $BLW

Shaker Financial Services LLC raised its position in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 15.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 348,687 shares of the investment management company’s stock after purchasing an additional 47,237 shares during the quarter. BlackRock Limited Duration Income Trust accounts for approximately 1.3% of Shaker Financial Services LLC’s holdings, making the stock its 21st biggest position. Shaker Financial Services LLC’s holdings in BlackRock Limited Duration Income Trust were worth $4,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BLW. Readystate Asset Management LP purchased a new stake in shares of BlackRock Limited Duration Income Trust in the second quarter worth $642,000. Integrated Wealth Concepts LLC purchased a new stake in BlackRock Limited Duration Income Trust during the second quarter valued at $330,000. Venture Visionary Partners LLC increased its stake in 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 worth $3,679,000 after acquiring an additional 25,530 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of BlackRock Limited Duration Income Trust by 290.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 32,704 shares of the investment management company’s stock valued at $449,000 after purchasing an additional 24,338 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new position in BlackRock Limited Duration Income Trust during the first quarter worth $290,000.

BlackRock Limited Duration Income Trust Price Performance

Shares of BLW stock traded down $0.11 during trading hours on Wednesday, reaching $11.59. 78,709 shares of the stock were exchanged, compared to its average volume of 149,686. BlackRock Limited Duration Income Trust has a 12-month low of $11.43 and a 12-month high of $14.10. The company’s 50-day moving average price is $12.28 and its 200-day moving average price is $12.45.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders 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 annualized dividend and a yield of 11.7%.

BlackRock Limited Duration Income Trust 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.