Wells Fargo & Company MN Sells 174,423 Shares of BlackRock Ltd. Duration Income Trust (NYSE:BLW)

Wells Fargo & Company MN lowered its stake in shares of BlackRock Ltd. Duration Income Trust (NYSE:BLW) by 24.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 553,502 shares of the investment management company’s stock after selling 174,423 shares during the period. Wells Fargo & Company MN’s holdings in BlackRock Ltd. Duration Income Trust were worth $6,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. grew its stake in shares of BlackRock Ltd. Duration Income Trust by 11.8% in the first quarter. Baird Financial Group Inc. now owns 98,062 shares of the investment management company’s stock worth $1,237,000 after acquiring an additional 10,380 shares during the period. Wolverine Asset Management LLC purchased a new stake in BlackRock Ltd. Duration Income Trust in the first quarter worth approximately $679,000. Triad Investment Management grew its position in BlackRock Ltd. Duration Income Trust by 191.9% in the 1st quarter. Triad Investment Management now owns 52,864 shares of the investment management company’s stock worth $667,000 after purchasing an additional 34,754 shares during the period. Commonwealth Equity Services LLC grew its position in BlackRock Ltd. Duration Income Trust by 46.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 29,714 shares of the investment management company’s stock worth $375,000 after purchasing an additional 9,400 shares during the period. Finally, First Foundation Advisors raised its stake in BlackRock Ltd. Duration Income Trust by 9.9% during the 1st quarter. First Foundation Advisors now owns 168,632 shares of the investment management company’s stock valued at $2,128,000 after buying an additional 15,144 shares during the last quarter.

BLW stock opened at $13.74 on Wednesday. BlackRock Ltd. Duration Income Trust has a 1 year low of $9.52 and a 1 year high of $16.71. The stock’s fifty day moving average price is $13.84 and its 200-day moving average price is $14.53.

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.098 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.18 annualized dividend and a yield of 8.56%.

In other BlackRock Ltd. Duration Income Trust news, major shareholder Citigroup Inc sold 200 shares of the company’s stock in a transaction that occurred on Friday, April 3rd. The shares were sold at an average price of $25,000.00, for a total transaction of $5,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 5,149 shares of company stock valued at $499,900,000 over the last 90 days.

About BlackRock Ltd. 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.

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

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