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

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.54 and traded as low as $12.18. BlackRock Limited Duration Income Trust shares last traded at $12.25, with a volume of 103,368 shares trading hands.

BlackRock Limited Duration Income Trust Stock Performance

The business’s 50 day simple moving average is $12.52 and its two-hundred day simple moving average is $13.12.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1132 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC bought a new position in BlackRock Limited Duration Income Trust in the 4th quarter valued at approximately $956,000. Morgan Stanley boosted its stake in 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 purchasing an additional 55,856 shares during the last quarter. UBS Group AG increased its holdings in shares of BlackRock Limited Duration Income Trust by 8.9% in the 3rd quarter. UBS Group AG now owns 649,166 shares of the investment management company’s stock worth $9,088,000 after purchasing an additional 52,821 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of BlackRock Limited Duration Income Trust by 29.0% in the 4th quarter. Fiera Capital Corp now owns 153,453 shares of the investment management company’s stock worth $2,108,000 after purchasing an additional 34,480 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its stake in shares of BlackRock Limited Duration Income Trust by 10.5% in the fourth quarter. Venture Visionary Partners LLC now owns 267,792 shares of the investment management company’s stock worth $3,679,000 after purchasing an additional 25,530 shares during the last quarter.

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.