BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW) shares 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 Trading Up 0.2%

The stock’s 50 day simple moving average is $12.54 and its 200 day simple moving average is $13.14.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.1132 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in BlackRock Limited Duration Income Trust by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock valued at $661,000 after purchasing an additional 822 shares during the period. Allworth Financial LP increased its position in BlackRock Limited Duration Income Trust by 62.6% in the fourth quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after buying an additional 826 shares during the period. Janney Montgomery Scott LLC increased its position in BlackRock Limited Duration Income Trust by 2.1% in the first quarter. Janney Montgomery Scott LLC now owns 41,695 shares of the investment management company’s stock worth $525,000 after buying an additional 850 shares during the period. Smith Asset Management Co. LLC increased its position in BlackRock Limited Duration Income Trust by 1.9% in the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock worth $749,000 after buying an additional 1,003 shares during the period. Finally, Verity Asset Management Inc. lifted its stake in BlackRock Limited Duration Income Trust by 2.3% in the third quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock valued at $780,000 after buying an additional 1,243 shares during the last quarter.

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.