BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Crosses Above 50 Day Moving Average – What’s Next?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.77 and traded as high as $13.77. BlackRock Limited Duration Income Trust shares last traded at $13.73, with a volume of 142,460 shares traded.

BlackRock Limited Duration Income Trust Stock Performance

The firm’s 50 day moving average is $13.77 and its 200 day moving average is $13.93.

BlackRock Limited Duration Income Trust Announces Dividend

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

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. purchased a new stake in shares of BlackRock Limited Duration Income Trust in the 2nd quarter valued at about $42,000. Readystate Asset Management LP bought a new position in shares of BlackRock Limited Duration Income Trust in the third quarter worth approximately $150,000. Moloney Securities Asset Management LLC purchased a new stake in BlackRock Limited Duration Income Trust in the third quarter valued at approximately $154,000. Samalin Investment Counsel LLC bought a new stake in BlackRock Limited Duration Income Trust during the third quarter valued at approximately $170,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust during the third quarter valued at approximately $201,000.

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.