GraniteShares Advisors LLC Raises Position in BlackRock Limited Duration Income Trust (NYSE:BLW)

GraniteShares Advisors LLC lifted its position in shares of BlackRock Limited Duration Income Trust (NYSE:BLW) by 14.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 140,177 shares of the investment management company’s stock after purchasing an additional 17,482 shares during the period. BlackRock Limited Duration Income Trust comprises about 0.7% of GraniteShares Advisors LLC’s holdings, making the stock its 28th largest position. GraniteShares Advisors LLC’s holdings in BlackRock Limited Duration Income Trust were worth $1,957,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter worth $165,000. Concurrent Investment Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 2nd quarter worth $210,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter worth $211,000. LM Advisors LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 4th quarter worth $256,000. Finally, Consolidated Portfolio Review Corp lifted its position in shares of BlackRock Limited Duration Income Trust by 3.3% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 26,559 shares of the investment management company’s stock worth $371,000 after purchasing an additional 856 shares during the last quarter.

BlackRock Limited Duration Income Trust Price Performance

Shares of BlackRock Limited Duration Income Trust stock traded up $0.03 during trading on Friday, hitting $14.45. 158,468 shares of the stock were exchanged, compared to its average volume of 91,465. The firm’s 50-day moving average price is $14.11 and its 200 day moving average price is $13.92. BlackRock Limited Duration Income Trust has a 12-month low of $12.35 and a 12-month high of $14.55.

BlackRock Limited Duration Income Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.113 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.36 annualized dividend and a dividend yield of 9.38%.

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.