BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.77 and traded as high as $13.79. BlackRock Limited Duration Income Trust shares last traded at $13.7450, with a volume of 78,750 shares.

BlackRock Limited Duration Income Trust Price Performance

The firm’s 50-day simple moving average is $13.77 and its 200-day simple moving average is $13.95.

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. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of hedge funds have recently bought and sold shares of BLW. Venture Visionary Partners LLC lifted its stake in shares of BlackRock Limited Duration Income Trust by 15.0% during the 2nd quarter. Venture Visionary Partners LLC now owns 539,864 shares of the investment management company’s stock worth $7,655,000 after purchasing an additional 70,432 shares during the last quarter. Blue Zone Wealth Advisors LLC lifted its position in BlackRock Limited Duration Income Trust by 2.6% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 309,458 shares of the investment management company’s stock worth $4,388,000 after acquiring an additional 7,832 shares during the period. Concurrent Investment Advisors LLC increased its holdings in BlackRock Limited Duration Income Trust by 15.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,942 shares of the investment management company’s stock worth $254,000 after buying an additional 2,364 shares during the period. Jackson Hole Capital Partners LLC acquired a new position in BlackRock Limited Duration Income Trust during the second quarter valued at $222,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock Limited Duration Income Trust by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 145,410 shares of the investment management company’s stock valued at $2,062,000 after buying an additional 4,950 shares during the period.

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.