BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

BlackRock Limited Duration Income Trust (NYSE:BLW) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.75 and traded as high as $13.81. BlackRock Limited Duration Income Trust shares last traded at $13.7950, with a volume of 71,546 shares changing hands.

BlackRock Limited Duration Income Trust Price Performance

The business’s 50-day moving average price is $13.75 and its 200 day moving average price is $13.91.

BlackRock Limited Duration Income Trust Dividend Announcement

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 given a dividend of $0.1132 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in shares of BlackRock Limited Duration Income Trust by 1.2% during the 4th quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock valued at $63,111,000 after acquiring an additional 55,856 shares during the last quarter. Guggenheim Capital LLC lifted its position in BlackRock Limited Duration Income Trust by 8.5% during the second quarter. Guggenheim Capital LLC now owns 825,295 shares of the investment management company’s stock valued at $11,703,000 after purchasing an additional 64,467 shares during the last quarter. UBS Group AG lifted its position in BlackRock Limited Duration Income Trust by 7.4% during the fourth quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock valued at $9,583,000 after purchasing an additional 48,276 shares during the last quarter. Invesco Ltd. grew its stake in BlackRock Limited Duration Income Trust by 2.8% in the 3rd quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock worth $4,724,000 after buying an additional 9,217 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC increased its holdings in shares of BlackRock Limited Duration Income Trust by 7.7% in the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 333,188 shares of the investment management company’s stock worth $4,665,000 after buying an additional 23,730 shares during the last quarter.

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.