Peregrine Asset Advisers Inc. Cuts Stock Position in BlackRock Limited Duration Income Trust (NYSE:BLW)

Peregrine Asset Advisers Inc. lessened its holdings in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 7.0% during the 4th quarter, Holdings Channel reports. The firm owned 58,864 shares of the investment management company’s stock after selling 4,408 shares during the period. Peregrine Asset Advisers Inc.’s holdings in BlackRock Limited Duration Income Trust were worth $832,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BLW. Principal Securities Inc. increased its stake in BlackRock Limited Duration Income Trust by 95.3% during 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 during the period. Round Rock Advisors LLC acquired a new position in shares of BlackRock Limited Duration Income Trust in the fourth quarter worth $190,000. Prospera Financial Services Inc increased its position in shares of BlackRock Limited Duration Income Trust by 18.7% during the third quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after acquiring an additional 1,939 shares during the period. MML Investors Services LLC raised its stake in shares of BlackRock Limited Duration Income Trust by 14.2% in the third quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 1,864 shares in the last quarter. Finally, Consolidated Portfolio Review Corp raised its stake 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 valued at $397,000 after acquiring an additional 876 shares in the last quarter.

BlackRock Limited Duration Income Trust Price Performance

BLW opened at $14.22 on Friday. The business has a fifty day moving average price of $14.22 and a 200 day moving average price of $14.30. BlackRock Limited Duration Income Trust has a 12 month low of $13.24 and a 12 month high of $14.63.

BlackRock Limited Duration Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.1132 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase 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%.

About BlackRock Limited Duration Income Trust

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.