Private Management Group Inc. raised its position in BlackRock Ltd. Duration Income Trust (NYSE:BLW) by 119.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 318,155 shares of the investment management company’s stock after acquiring an additional 173,396 shares during the quarter. Private Management Group Inc. owned approximately 0.86% of BlackRock Ltd. Duration Income Trust worth $4,731,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BLW. Archford Capital Strategies LLC purchased a new position in shares of BlackRock Ltd. Duration Income Trust during the first quarter valued at about $160,000. Millennium Management LLC purchased a new stake in shares of BlackRock Ltd. Duration Income Trust in the first quarter worth $297,000. Usca Ria LLC purchased a new stake in shares of BlackRock Ltd. Duration Income Trust in the second quarter worth $322,000. Cornerstone Wealth Management LLC purchased a new stake in shares of BlackRock Ltd. Duration Income Trust in the second quarter worth $384,000. Finally, Landscape Capital Management L.L.C. increased its stake in shares of BlackRock Ltd. Duration Income Trust by 394.4% in the first quarter. Landscape Capital Management L.L.C. now owns 51,958 shares of the investment management company’s stock worth $784,000 after purchasing an additional 41,449 shares in the last quarter.

Shares of NYSE BLW opened at $14.92 on Wednesday. BlackRock Ltd. Duration Income Trust has a 1 year low of $14.77 and a 1 year high of $16.30.

The company also recently declared a monthly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be issued a $0.079 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 6.35%.

In other news, insider Raja Akram sold 500 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $69.21, for a total value of $34,605.00. Following the completion of the sale, the insider now directly owns 8,261 shares in the company, valued at approximately $571,743.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

About BlackRock Ltd. Duration Income Trust

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

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