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

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $13.81 and traded as low as $13.63. BlackRock Limited Duration Income Trust shares last traded at $13.6760, with a volume of 251,175 shares changing hands.

BlackRock Limited Duration Income Trust Stock Performance

The firm has a 50 day moving average price of $13.81 and a 200-day moving average price of $13.99.

BlackRock Limited Duration Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.1132 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Concurrent Investment Advisors LLC grew its holdings in BlackRock Limited Duration Income Trust by 15.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,942 shares of the investment management company’s stock valued at $254,000 after buying an additional 2,364 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in shares of BlackRock Limited Duration Income Trust by 2.6% in the second quarter. Blue Zone Wealth Advisors LLC now owns 309,458 shares of the investment management company’s stock valued at $4,388,000 after acquiring an additional 7,832 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of BlackRock Limited Duration Income Trust by 11.7% during the second quarter. NBC Securities Inc. now owns 68,759 shares of the investment management company’s stock valued at $975,000 after acquiring an additional 7,214 shares during the last quarter. Envestnet Asset Management Inc. increased its position in BlackRock Limited Duration Income Trust by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 145,410 shares of the investment management company’s stock worth $2,062,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its stake in BlackRock Limited Duration Income Trust by 15.0% in the 2nd quarter. Venture Visionary Partners LLC now owns 539,864 shares of the investment management company’s stock valued at $7,655,000 after purchasing an additional 70,432 shares during the last quarter.

About BlackRock Limited Duration Income Trust

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.