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

BlackRock Limited Duration Income Trust (NYSE:BLW) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.57 and traded as high as $12.75. BlackRock Limited Duration Income Trust shares last traded at $12.7030, with a volume of 208,677 shares trading hands.

BlackRock Limited Duration Income Trust Trading Down 0.7%

The company has a fifty day moving average price of $12.58 and a two-hundred day moving average price of $12.79.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.1132 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. boosted its holdings 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 last quarter. Bank of America Corp DE lifted its position in BlackRock Limited Duration Income Trust by 6.0% during the 2nd quarter. Bank of America Corp DE now owns 279,343 shares of the investment management company’s stock worth $3,961,000 after buying an additional 15,861 shares in the last quarter. UBS Group AG boosted its stake 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 during the last quarter. Invesco Ltd. boosted its stake 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 during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of BlackRock Limited Duration Income Trust by 2.9% in the 3rd quarter. Raymond James Financial Inc. now owns 249,843 shares of the investment management company’s stock valued at $3,498,000 after acquiring an additional 7,138 shares in the last quarter.

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.