BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Pass Above 50-Day Moving Average – What’s Next?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-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 Price Performance

The business has a 50-day moving average price of $12.49 and a two-hundred 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 issued a $0.1132 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds have recently made changes to their positions in the business. Baird Financial Group Inc. increased its position in BlackRock Limited Duration Income Trust by 2.0% during the second quarter. Baird Financial Group Inc. now owns 130,779 shares of the investment management company’s stock worth $1,854,000 after purchasing an additional 2,576 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of BlackRock Limited Duration Income Trust by 6.0% during the second quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock worth $3,961,000 after purchasing an additional 15,861 shares in the last quarter. UBS Group AG boosted its holdings in 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 acquiring an additional 52,821 shares during the period. Invesco Ltd. raised its stake in shares of 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 valued at $4,724,000 after purchasing an additional 9,217 shares during the period. Finally, Raymond James Financial Inc. increased its stake in BlackRock Limited Duration Income Trust by 2.9% during the 3rd quarter. Raymond James Financial Inc. now owns 249,843 shares of the investment management company’s stock worth $3,498,000 after buying an additional 7,138 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.