BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of 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 $13.79 and traded as high as $13.95. BlackRock Limited Duration Income Trust shares last traded at $13.78, with a volume of 126,097 shares.

BlackRock Limited Duration Income Trust Price Performance

The company has a 50-day simple moving average of $13.79 and a 200 day simple moving average of $13.97.

BlackRock Limited Duration Income Trust Announces Dividend

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

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Several large investors have recently added to or reduced their stakes in BLW. NewEdge Wealth LLC purchased a new position in shares of BlackRock Limited Duration Income Trust during the third quarter worth approximately $1,972,000. Venture Visionary Partners LLC boosted its holdings in shares of BlackRock Limited Duration Income Trust by 15.0% in the second quarter. Venture Visionary Partners LLC now owns 539,864 shares of the investment management company’s stock valued at $7,655,000 after purchasing an additional 70,432 shares during the period. Guggenheim Capital LLC grew its stake in BlackRock Limited Duration Income Trust by 8.5% in the second quarter. Guggenheim Capital LLC now owns 825,295 shares of the investment management company’s stock worth $11,703,000 after purchasing an additional 64,467 shares in the last quarter. UBS Group AG increased its holdings in 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 purchasing an additional 52,821 shares during the period. Finally, Blue Zone Wealth Advisors LLC increased its holdings in BlackRock Limited Duration Income Trust by 7.7% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 333,188 shares of the investment management company’s stock worth $4,665,000 after purchasing an additional 23,730 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.