Waterfront Wealth Inc. Decreases Stake in BlackRock Limited Duration Income Trust (NYSE:BLW)

Waterfront Wealth Inc. cut its position in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 316,143 shares of the investment management company’s stock after selling 2,066 shares during the quarter. BlackRock Limited Duration Income Trust accounts for 1.3% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 18th biggest holding. Waterfront Wealth Inc.’s holdings in BlackRock Limited Duration Income Trust were worth $4,420,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. lifted its stake in shares of BlackRock Limited Duration Income Trust by 7.8% in the fourth quarter. Carmichael Hill & Associates Inc. now owns 14,488 shares of the investment management company’s stock worth $203,000 after acquiring an additional 1,054 shares in the last quarter. NewEdge Advisors LLC boosted its stake in BlackRock Limited Duration Income Trust by 2.0% during the 1st quarter. NewEdge Advisors LLC now owns 59,050 shares of the investment management company’s stock valued at $768,000 after purchasing an additional 1,151 shares in the last quarter. Pointe Capital Management LLC boosted its stake in BlackRock Limited Duration Income Trust by 5.3% during the 3rd quarter. Pointe Capital Management LLC now owns 25,965 shares of the investment management company’s stock valued at $334,000 after purchasing an additional 1,300 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of BlackRock Limited Duration Income Trust by 4.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 45,802 shares of the investment management company’s stock valued at $554,000 after acquiring an additional 1,749 shares during the last quarter. Finally, Wealth Alliance lifted its position in shares of BlackRock Limited Duration Income Trust by 7.1% during the 3rd quarter. Wealth Alliance now owns 54,820 shares of the investment management company’s stock valued at $706,000 after acquiring an additional 3,620 shares during the last quarter.

BlackRock Limited Duration Income Trust Price Performance

Shares of BLW traded up $0.08 during mid-day trading on Wednesday, reaching $13.38. The company’s stock had a trading volume of 65,791 shares, compared to its average volume of 89,330. The business has a fifty day moving average of $13.93 and a 200 day moving average of $13.51. BlackRock Limited Duration Income Trust has a 1 year low of $12.35 and a 1 year high of $14.26.

BlackRock Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be issued a dividend of $0.108 per share. The ex-dividend date is Friday, April 12th. This represents a $1.30 annualized dividend and a dividend yield of 9.69%.

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.