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

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.45 and traded as high as $12.78. BlackRock Limited Duration Income Trust shares last traded at $12.6890, with a volume of 95,312 shares traded.

BlackRock Limited Duration Income Trust Price Performance

The stock’s 50 day moving average price is $12.45 and its 200 day moving average price is $12.98.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.1132 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 10.7%.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of large investors have recently bought and sold shares of BLW. Baird Financial Group Inc. grew its stake 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 period. Bank of America Corp DE lifted its stake in BlackRock Limited Duration Income Trust by 6.0% in the second quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock valued at $3,961,000 after buying an additional 15,861 shares during the period. UBS Group AG boosted its holdings in shares of BlackRock Limited Duration Income Trust by 8.9% during the 3rd quarter. UBS Group AG now owns 649,166 shares of the investment management company’s stock worth $9,088,000 after buying an additional 52,821 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of BlackRock Limited Duration Income Trust by 2.8% during the 3rd quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock worth $4,724,000 after buying an additional 9,217 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of 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.