BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.71 and traded as low as $12.18. BlackRock Limited Duration Income Trust shares last traded at $12.5070, with a volume of 243,749 shares.

BlackRock Limited Duration Income Trust Stock Performance

The firm has a 50 day moving average price of $13.42 and a two-hundred day moving average price of $13.71.

BlackRock Limited Duration Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.1132 per share. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 10.9%.

Institutional Trading of BlackRock Limited Duration Income Trust

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Wealth LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust during the 3rd quarter worth approximately $1,972,000. Lido Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust during the 4th quarter valued at approximately $956,000. Guggenheim Capital LLC grew its stake in BlackRock Limited Duration Income Trust by 8.5% during 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 last quarter. Morgan Stanley increased its position in BlackRock Limited Duration Income Trust by 1.2% in the fourth quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock worth $63,111,000 after buying an additional 55,856 shares during the period. Finally, UBS Group AG increased its position in BlackRock Limited Duration Income Trust by 8.9% in the third 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 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.