Raymond James Financial Services Advisors Inc. trimmed its holdings in BlackRock Ltd. Duration Income Trust (NYSE:BLW) by 12.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,042 shares of the investment management company’s stock after selling 21,049 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Ltd. Duration Income Trust were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BLW. Archford Capital Strategies LLC bought a new stake in shares of BlackRock Ltd. Duration Income Trust in the first quarter valued at approximately $160,000. Millennium Management LLC bought a new stake in shares of BlackRock Ltd. Duration Income Trust in the first quarter valued at approximately $297,000. Dynamic Advisor Solutions LLC bought a new stake in shares of BlackRock Ltd. Duration Income Trust in the first quarter valued at approximately $332,000. Cornerstone Wealth Management LLC bought a new stake in shares of BlackRock Ltd. Duration Income Trust in the second quarter valued at approximately $384,000. Finally, Doliver Capital Advisors LP bought a new stake in shares of BlackRock Ltd. Duration Income Trust in the first quarter valued at approximately $461,000.

BLW opened at $14.92 on Friday. BlackRock Ltd. Duration Income Trust has a 1-year low of $14.77 and a 1-year high of $16.30.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be given a $0.079 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.95 annualized dividend and a dividend yield of 6.35%.

In related news, insider Raja Akram sold 500 shares of the company’s stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. Following the completion of the transaction, the insider now directly owns 8,261 shares in the company, valued at $571,743.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Citigroup Inc sold 1,800 shares of the company’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $100,000.00, for a total value of $180,000,000.00. The disclosure for this sale can be found here.

BlackRock Ltd. Duration Income Trust Profile

BlackRock Limited Duration Income Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to provide current income and capital appreciation. It seeks to achieve its investment objective by investing in three asset classes, such as intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and the United States Government and agency securities; senior, secured floating rate loans made to corporate and other business entities, and the United States dollar-denominated securities of the United States and non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality and, to a limited extent, non-United States dollar denominated securities of non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality.

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Institutional Ownership by Quarter for BlackRock Ltd. Duration Income Trust (NYSE:BLW)

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