BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.45 and traded as high as $12.78. BlackRock Limited Duration Income Trust shares last traded at $12.6890, with a volume of 95,312 shares trading hands.

BlackRock Limited Duration Income Trust Price Performance

The firm has a 50 day moving average of $12.46 and a 200-day moving average of $12.98.

BlackRock Limited Duration Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.1132 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in BlackRock Limited Duration Income Trust by 2.9% during the first 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 in the last quarter. Wealth Alliance LLC lifted its position in BlackRock Limited Duration Income Trust by 4.0% in the 1st quarter. Wealth Alliance LLC now owns 53,908 shares of the investment management company’s stock worth $679,000 after buying an additional 2,050 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of BlackRock Limited Duration Income Trust by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock valued at $661,000 after buying an additional 822 shares during the period. Marin Bay Wealth Advisors LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at $204,000. Finally, Fifth Third Bancorp purchased a new position in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at $177,000.

BlackRock Limited Duration Income Trust Company 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.