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

BlackRock Limited Duration Income Trust (NYSE:BLW) 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.

BlackRock Limited Duration Income Trust Stock Down 0.1%

The stock has a fifty day simple moving average of $12.45 and a two-hundred day simple moving average of $12.98.

BlackRock Limited Duration Income Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLW. Lido Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust in the 4th quarter worth about $956,000. UBS Group AG grew its holdings in shares of BlackRock Limited Duration Income Trust by 7.4% during the fourth 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 last quarter. Jackson Hole Capital Partners LLC grew its holdings in shares of BlackRock Limited Duration Income Trust by 9.6% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 27,688 shares of the investment management company’s stock worth $380,000 after purchasing an additional 2,421 shares during the last quarter. NBC Securities Inc. increased its stake in shares of BlackRock Limited Duration Income Trust by 5.5% in the fourth quarter. NBC Securities Inc. now owns 78,990 shares of the investment management company’s stock valued at $1,085,000 after buying an additional 4,099 shares during the period. Finally, CENTRAL TRUST Co bought a new position in BlackRock Limited Duration Income Trust in the 1st quarter valued at approximately $290,000.

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.