BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Pass Above 50 Day Moving Average – Here’s Why

BlackRock Limited Duration Income Trust (NYSE:BLW)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.48 and traded as high as $12.59. BlackRock Limited Duration Income Trust shares last traded at $12.52, with a volume of 125,688 shares traded.

BlackRock Limited Duration Income Trust Stock Performance

The business’s 50-day simple moving average is $12.48 and its 200 day simple moving average is $12.89.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm 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 dividend of $0.1132 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.8%.

Institutional Trading of BlackRock Limited Duration Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC purchased a new stake in BlackRock Limited Duration Income Trust during the 4th quarter valued at about $956,000. UBS Group AG increased its stake in BlackRock Limited Duration Income Trust by 7.4% in the 4th 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. Allworth Financial LP increased its stake in BlackRock Limited Duration Income Trust by 62.6% in the 4th quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock worth $29,000 after purchasing an additional 826 shares during the period. Delta Financial Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust in the fourth quarter valued at approximately $174,000. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of BlackRock Limited Duration Income Trust by 290.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 32,704 shares of the investment management company’s stock valued at $449,000 after purchasing an additional 24,338 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.