BlackRock Ltd. Duration Income Trust (BLW) Major Shareholder Sells $5,000,000.00 in Stock

BlackRock Ltd. Duration Income Trust (NYSE:BLW) major shareholder Citigroup Inc sold 200 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $25,000.00, for a total value of $5,000,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Citigroup Inc also recently made the following trade(s):

  • On Wednesday, August 2nd, Citigroup Inc sold 44 shares of BlackRock Ltd. Duration Income Trust stock. The stock was sold at an average price of $25,000.00, for a total value of $1,100,000.00.
  • On Wednesday, July 5th, Citigroup Inc sold 1,004 shares of BlackRock Ltd. Duration Income Trust stock. The stock was sold at an average price of $50,000.00, for a total value of $50,200,000.00.

Shares of BlackRock Ltd. Duration Income Trust (NYSE:BLW) traded up 0.76% during midday trading on Friday, reaching $15.80. The company’s stock had a trading volume of 342,374 shares. The company has a 50 day moving average of $15.81 and a 200-day moving average of $15.72. BlackRock Ltd. Duration Income Trust has a 52 week low of $14.74 and a 52 week high of $16.14.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.079 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.95 dividend on an annualized basis and a yield of 6.00%.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its position in BlackRock Ltd. Duration Income Trust by 12.8% in the second quarter. Raymond James Trust N.A. now owns 11,328 shares of the investment management company’s stock worth $179,000 after buying an additional 1,286 shares in the last quarter. Advisor Group Inc. raised its position in BlackRock Ltd. Duration Income Trust by 12.1% in the second quarter. Advisor Group Inc. now owns 13,257 shares of the investment management company’s stock worth $209,000 after buying an additional 1,429 shares in the last quarter. Wayne Hummer Investments L.L.C. raised its position in BlackRock Ltd. Duration Income Trust by 1.3% in the second quarter. Wayne Hummer Investments L.L.C. now owns 13,306 shares of the investment management company’s stock worth $210,000 after buying an additional 166 shares in the last quarter. HL Financial Services LLC raised its position in BlackRock Ltd. Duration Income Trust by 6.9% in the second quarter. HL Financial Services LLC now owns 15,500 shares of the investment management company’s stock worth $245,000 after buying an additional 1,000 shares in the last quarter. Finally, LLBH Private Wealth Management LLC acquired a new position in BlackRock Ltd. Duration Income Trust during the second quarter worth approximately $379,000.

BlackRock Ltd. Duration Income Trust Company 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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