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Northwestern Mutual Wealth Management Co. Acquires 5,142 Shares of BlackRock Limited Duration Income Trust (NYSE:BLW)

Northwestern Mutual Wealth Management Co. grew its holdings in shares of BlackRock Limited Duration Income Trust (NYSE:BLWGet Rating) by 655.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,927 shares of the investment management company’s stock after acquiring an additional 5,142 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock Limited Duration Income Trust were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its position in shares of BlackRock Limited Duration Income Trust by 11.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 340,544 shares of the investment management company’s stock valued at $5,738,000 after acquiring an additional 36,076 shares during the period. Capital Investment Advisors LLC boosted its holdings in BlackRock Limited Duration Income Trust by 42.2% in the 1st quarter. Capital Investment Advisors LLC now owns 247,743 shares of the investment management company’s stock worth $3,553,000 after buying an additional 73,480 shares during the period. Wolverine Asset Management LLC bought a new position in BlackRock Limited Duration Income Trust in the 1st quarter worth $2,211,000. Arete Wealth Advisors LLC boosted its holdings in BlackRock Limited Duration Income Trust by 431.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 124,177 shares of the investment management company’s stock worth $1,781,000 after buying an additional 100,819 shares during the period. Finally, Oxbow Advisors LLC boosted its holdings in BlackRock Limited Duration Income Trust by 8.3% in the 4th quarter. Oxbow Advisors LLC now owns 101,820 shares of the investment management company’s stock worth $1,716,000 after buying an additional 7,770 shares during the period.

BlackRock Limited Duration Income Trust Stock Down 0.6 %

Shares of BlackRock Limited Duration Income Trust stock opened at $13.66 on Friday. The company has a fifty day moving average of $13.11 and a 200 day moving average of $13.67. BlackRock Limited Duration Income Trust has a fifty-two week low of $12.13 and a fifty-two week high of $17.47.

BlackRock Limited Duration Income Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued a $0.098 dividend. This represents a $1.18 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend is Friday, August 12th.

BlackRock Limited Duration Income Trust Profile

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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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