BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock Limited Duration Income Trust (NYSE:BLW) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $13.37 and traded as low as $12.38. BlackRock Limited Duration Income Trust shares last traded at $12.4350, with a volume of 58,797 shares traded.

BlackRock Limited Duration Income Trust Trading Down 0.1%

The stock’s fifty day moving average is $12.67 and its two-hundred day moving average is $13.37.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued 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 Monday, June 15th.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in BlackRock Limited Duration Income Trust by 1.2% during the fourth quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock worth $63,111,000 after buying an additional 55,856 shares during the last quarter. UBS Group AG boosted its position in BlackRock Limited Duration Income Trust by 7.4% during the fourth quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock worth $9,583,000 after purchasing an additional 48,276 shares during the period. Invesco Ltd. boosted its position in BlackRock Limited Duration Income Trust by 2.8% during the third quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock worth $4,724,000 after purchasing an additional 9,217 shares during the period. Bank of America Corp DE boosted its position in BlackRock Limited Duration Income Trust by 7.8% during the third quarter. Bank of America Corp DE now owns 301,090 shares of the investment management company’s stock worth $4,215,000 after purchasing an additional 21,747 shares during the period. Finally, Venture Visionary Partners LLC boosted its position in BlackRock Limited Duration Income Trust by 10.5% during 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 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.