Stifel Financial Corp Cuts Holdings in BlackRock Limited Duration Income Trust (NYSE:BLW)

Stifel Financial Corp lowered its stake in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 15.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,620 shares of the investment management company’s stock after selling 2,760 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Limited Duration Income Trust were worth $226,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Luken Investment Analytics LLC purchased a new stake in BlackRock Limited Duration Income Trust during the second quarter valued at about $35,000. Prospera Financial Services Inc raised its holdings in shares of BlackRock Limited Duration Income Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock valued at $178,000 after buying an additional 1,939 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust in the 2nd quarter worth approximately $210,000. Annex Advisory Services LLC purchased a new stake in BlackRock Limited Duration Income Trust in the third quarter worth approximately $223,000. Finally, Consolidated Portfolio Review Corp boosted its stake in BlackRock Limited Duration Income Trust by 3.3% in the second quarter. Consolidated Portfolio Review Corp now owns 26,559 shares of the investment management company’s stock worth $371,000 after buying an additional 856 shares in the last quarter.

BlackRock Limited Duration Income Trust Price Performance

BLW stock opened at $14.08 on Monday. BlackRock Limited Duration Income Trust has a one year low of $13.24 and a one year high of $14.63. The company’s 50 day moving average price is $14.25 and its two-hundred day moving average price is $14.23.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were given a $0.1132 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

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.