BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Passes Below 50-Day Moving Average – Here’s What Happened

BlackRock Limited Duration Income Trust (NYSE:BLW) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.57 and traded as low as $11.84. BlackRock Limited Duration Income Trust shares last traded at $11.85, with a volume of 365,616 shares trading hands.

BlackRock Limited Duration Income Trust Trading Down 1.1%

The firm’s fifty day moving average price is $12.53 and its two-hundred day moving average price is $12.58.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.1132 dividend. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of hedge funds have recently added to or reduced their stakes in BLW. Venture Visionary Partners LLC boosted its stake in shares of BlackRock Limited Duration Income Trust by 10.5% in the 4th quarter. Venture Visionary Partners LLC now owns 267,792 shares of the investment management company’s stock worth $3,679,000 after buying an additional 25,530 shares during the last quarter. Royal Bank of Canada increased 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 acquiring an additional 5,191 shares during the last quarter. Fiera Capital Corp increased its position in BlackRock Limited Duration Income Trust by 29.0% during the fourth quarter. Fiera Capital Corp now owns 153,453 shares of the investment management company’s stock valued at $2,108,000 after acquiring an additional 34,480 shares during the last quarter. Lido Advisors LLC purchased a new stake in BlackRock Limited Duration Income Trust during the fourth quarter valued at $956,000. Finally, Smith Asset Management Co. LLC lifted its holdings in BlackRock Limited Duration Income Trust by 1.9% in the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock valued at $749,000 after acquiring an additional 1,003 shares during the period.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust (NYSE:BLW) is a diversified, closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide current income while preserving capital through a portfolio of fixed-income investments with a limited duration profile.

The fund invests primarily in debt securities issued by governments, corporations and financial institutions, as well as mortgage-backed securities, asset-backed securities and other structured or credit-related instruments.