BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.24 and traded as high as $14.28. BlackRock Limited Duration Income Trust shares last traded at $14.23, with a volume of 69,776 shares changing hands.

BlackRock Limited Duration Income Trust Stock Down 0.4 %

The business has a fifty day moving average of $14.24 and a two-hundred day moving average of $14.25.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.1132 dividend. This represents a $1.36 annualized dividend and a dividend yield of 9.55%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds have recently bought and sold shares of BLW. MML Investors Services LLC boosted its stake in shares of BlackRock Limited Duration Income Trust by 14.2% during the third quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 1,864 shares during the last quarter. Principal Securities Inc. lifted its holdings in BlackRock Limited Duration Income Trust by 95.3% in the 3rd quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock valued at $3,097,000 after purchasing an additional 104,388 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of BlackRock Limited Duration Income Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after purchasing an additional 1,939 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of BlackRock Limited Duration Income Trust by 3.3% during the third quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock worth $397,000 after buying an additional 876 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of BlackRock Limited Duration Income Trust in the third quarter valued at approximately $223,000.

About BlackRock Limited Duration Income Trust

BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.