BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.49 and traded as high as $12.52. BlackRock Limited Duration Income Trust shares last traded at $12.4750, with a volume of 190,890 shares changing hands.

BlackRock Limited Duration Income Trust Stock Performance

The company has a 50 day moving average price of $12.48 and a 200 day moving average price of $13.08.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1132 per share. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of BlackRock Limited Duration Income Trust by 62.6% during the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after buying an additional 826 shares during the last quarter. Leonteq Securities AG acquired a new stake in BlackRock Limited Duration Income Trust in the 1st quarter valued at about $75,000. Delta Financial Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust in the 4th quarter valued at about $174,000. Fifth Third Bancorp purchased a new position in BlackRock Limited Duration Income Trust during the 1st quarter valued at about $177,000. Finally, Marin Bay Wealth Advisors LLC purchased a new position in BlackRock Limited Duration Income Trust during the 1st quarter valued at about $204,000.

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.