Readystate Asset Management LP Acquires Shares of 51,402 BlackRock Limited Duration Income Trust $BLW

Readystate Asset Management LP bought a new stake in BlackRock Limited Duration Income Trust (NYSE:BLW) in the 2nd quarter, Holdings Channel.com reports. The fund bought 51,402 shares of the investment management company’s stock, valued at approximately $642,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lido Advisors LLC bought a new position in BlackRock Limited Duration Income Trust in the fourth quarter valued at about $956,000. UBS Group AG increased its position in BlackRock Limited Duration Income Trust by 7.4% in the fourth quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock worth $9,583,000 after purchasing an additional 48,276 shares during the period. Allworth Financial LP raised its holdings in BlackRock Limited Duration Income Trust by 62.6% during the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after purchasing an additional 826 shares during the last quarter. Delta Financial Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust during the 4th quarter worth about $174,000. Finally, Royal Bank of Canada lifted its position in BlackRock Limited Duration Income Trust by 2.9% during the 1st quarter. Royal Bank of Canada now owns 181,162 shares of the investment management company’s stock valued at $2,281,000 after purchasing an additional 5,191 shares during the period.

BlackRock Limited Duration Income Trust Stock Performance

BlackRock Limited Duration Income Trust stock opened at $12.54 on Tuesday. BlackRock Limited Duration Income Trust has a 1 year low of $12.06 and a 1 year high of $14.30. The company’s 50-day moving average is $12.65 and its two-hundred day moving average is $12.71.

BlackRock Limited Duration Income Trust Profile

BlackRock Limited Duration Income Trust (NYSE: BLW) is a closed-end management investment company that seeks to provide shareholders with high current income while maintaining a low portfolio duration. The trust primarily invests in a diversified portfolio of investment-grade corporate bonds, mortgage-backed securities and other fixed-income instruments. By focusing on limited-duration securities, BLW aims to reduce interest rate sensitivity relative to broad bond market benchmarks.

Launched in 2011, BLW is managed by a team of fixed-income specialists at BlackRock Advisors LLC, drawing on the firm’s global credit research capabilities and risk-management infrastructure.