BlackRock Limited Duration Income Trust (BLW) To Go Ex-Dividend on July 15th

BlackRock Limited Duration Income Trust (NYSE:BLW) declared a monthly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1132 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Wednesday, July 15th.

BlackRock Limited Duration Income Trust Stock Performance

Shares of NYSE BLW opened at $12.76 on Monday. The company’s 50 day moving average price is $12.46 and its 200-day moving average price is $13.03. BlackRock Limited Duration Income Trust has a 52-week low of $12.06 and a 52-week high of $14.30.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BLW. Royal Bank of Canada boosted its position in BlackRock Limited Duration Income Trust by 2.9% during the first quarter. Royal Bank of Canada now owns 181,162 shares of the investment management company’s stock valued at $2,281,000 after acquiring an additional 5,191 shares during the last quarter. Wealth Alliance LLC raised its position in shares of BlackRock Limited Duration Income Trust by 4.0% in the 1st quarter. Wealth Alliance LLC now owns 53,908 shares of the investment management company’s stock worth $679,000 after acquiring an additional 2,050 shares in the last quarter. Cetera Investment Advisers lifted its stake 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 valued at $661,000 after purchasing an additional 822 shares during the period. Marin Bay Wealth Advisors LLC acquired a new position in shares of BlackRock Limited Duration Income Trust in the 1st quarter valued at about $204,000. Finally, Fifth Third Bancorp bought a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at about $177,000.

BlackRock Limited Duration Income Trust Company 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.