BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.08 and traded as low as $13.74. BlackRock Limited Duration Income Trust shares last traded at $13.76, with a volume of 75,041 shares changing hands.

BlackRock Limited Duration Income Trust Trading Down 0.0%

The company’s fifty day moving average is $14.08 and its 200 day moving average is $13.97.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.1132 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 9.9%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. acquired a new position in BlackRock Limited Duration Income Trust during the second quarter worth $42,000. Oliver Lagore Vanvalin Investment Group acquired a new position in BlackRock Limited Duration Income Trust during the second quarter worth $47,000. U.S. Capital Wealth Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust during the third quarter worth $201,000. Jackson Hole Capital Partners LLC acquired a new position in BlackRock Limited Duration Income Trust during the second quarter worth $222,000. Finally, Concurrent Investment Advisors LLC boosted its holdings in BlackRock Limited Duration Income Trust by 15.2% during the second quarter. Concurrent Investment Advisors LLC now owns 17,942 shares of the investment management company’s stock worth $254,000 after purchasing an additional 2,364 shares during the last quarter.

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.