ProVise Management Group LLC Trims Position in BlackRock Limited Duration Income Trust (NYSE:BLW)

ProVise Management Group LLC lessened its stake in BlackRock Limited Duration Income Trust (NYSE:BLW) by 6.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,658 shares of the investment management company’s stock after selling 950 shares during the period. ProVise Management Group LLC’s holdings in BlackRock Limited Duration Income Trust were worth $191,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Blue Zone Wealth Advisors LLC increased its position in BlackRock Limited Duration Income Trust by 3.6% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 427,010 shares of the investment management company’s stock valued at $5,991,000 after purchasing an additional 14,917 shares during the period. GraniteShares Advisors LLC increased its position in BlackRock Limited Duration Income Trust by 14.2% during the 2nd quarter. GraniteShares Advisors LLC now owns 140,177 shares of the investment management company’s stock valued at $1,957,000 after purchasing an additional 17,482 shares during the period. Janney Montgomery Scott LLC increased its position in BlackRock Limited Duration Income Trust by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 46,352 shares of the investment management company’s stock valued at $648,000 after purchasing an additional 1,175 shares during the period. Commonwealth Equity Services LLC increased its position in BlackRock Limited Duration Income Trust by 3.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 41,275 shares of the investment management company’s stock valued at $579,000 after purchasing an additional 1,314 shares during the period. Finally, Rockport Wealth LLC purchased a new position in BlackRock Limited Duration Income Trust during the 1st quarter valued at about $374,000.

BlackRock Limited Duration Income Trust Price Performance

NYSE BLW opened at $14.34 on Friday. The company’s 50-day simple moving average is $14.24 and its two-hundred day simple moving average is $13.97. BlackRock Limited Duration Income Trust has a one year low of $12.35 and a one year high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th 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 9.47%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.