BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Cross Above 50 Day Moving Average – Time to Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.77 and traded as high as $13.77. BlackRock Limited Duration Income Trust shares last traded at $13.73, with a volume of 142,460 shares traded.

BlackRock Limited Duration Income Trust Price Performance

The firm’s 50-day simple moving average is $13.77 and its 200 day simple moving average is $13.93.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.1132 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.9%.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds have recently made changes to their positions in the company. Concurrent Investment Advisors LLC boosted its position in BlackRock Limited Duration Income Trust by 15.2% during the second quarter. Concurrent Investment Advisors LLC now owns 17,942 shares of the investment management company’s stock worth $254,000 after purchasing an additional 2,364 shares during the period. Blue Zone Wealth Advisors LLC raised its position in shares of BlackRock Limited Duration Income Trust by 2.6% in the second quarter. Blue Zone Wealth Advisors LLC now owns 309,458 shares of the investment management company’s stock valued at $4,388,000 after purchasing an additional 7,832 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of BlackRock Limited Duration Income Trust by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 145,410 shares of the investment management company’s stock valued at $2,062,000 after buying an additional 4,950 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in BlackRock Limited Duration Income Trust by 8.5% in the 2nd quarter. Guggenheim Capital LLC now owns 825,295 shares of the investment management company’s stock worth $11,703,000 after buying an additional 64,467 shares during the period. Finally, GraniteShares Advisors LLC boosted its holdings in BlackRock Limited Duration Income Trust by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 217,573 shares of the investment management company’s stock worth $3,046,000 after buying an additional 19,159 shares during the period.

About BlackRock Limited Duration Income Trust

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.