Waterfront Wealth Inc. Sells 13,460 Shares of BlackRock Limited Duration Income Trust (NYSE:BLW)

Waterfront Wealth Inc. lowered its position in BlackRock Limited Duration Income Trust (NYSE:BLW) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,546 shares of the investment management company’s stock after selling 13,460 shares during the quarter. Waterfront Wealth Inc.’s holdings in BlackRock Limited Duration Income Trust were worth $545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Consolidated Portfolio Review Corp increased its position in shares of BlackRock Limited Duration Income Trust by 3.3% in the third quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock worth $397,000 after purchasing an additional 876 shares during the last quarter. Principal Securities Inc. grew its stake in BlackRock Limited Duration Income Trust by 95.3% in the 3rd quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock worth $3,097,000 after buying an additional 104,388 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of BlackRock Limited Duration Income Trust by 18.7% in the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after buying an additional 1,939 shares during the last quarter. MML Investors Services LLC raised its position in shares of BlackRock Limited Duration Income Trust by 14.2% during the 3rd quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock valued at $217,000 after buying an additional 1,864 shares in the last quarter. Finally, Round Rock Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter valued at $190,000.

BlackRock Limited Duration Income Trust Trading Down 0.3 %

Shares of NYSE:BLW opened at $14.22 on Friday. BlackRock Limited Duration Income Trust has a 52-week low of $13.24 and a 52-week high of $14.63. The firm has a fifty day moving average of $14.22 and a 200 day moving average of $14.30.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.1132 dividend. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.36 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date of this dividend is Friday, February 14th.

BlackRock Limited Duration Income Trust Company 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.