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

BlackRock Limited Duration Income Trust (NYSE:BLW)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.77 and traded as high as $13.79. BlackRock Limited Duration Income Trust shares last traded at $13.7450, with a volume of 78,750 shares changing hands.

BlackRock Limited Duration Income Trust Stock Performance

The firm has a 50-day moving average of $13.77 and a 200-day moving average of $13.95.

BlackRock Limited Duration Income Trust Dividend Announcement

The business also recently announced 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. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds have recently bought and sold shares of BLW. Newbridge Financial Services Group Inc. purchased a new position in shares of BlackRock Limited Duration Income Trust during the second quarter valued at about $42,000. Readystate Asset Management LP bought a new stake in BlackRock Limited Duration Income Trust in the 3rd quarter worth approximately $150,000. Moloney Securities Asset Management LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 3rd quarter worth approximately $154,000. Samalin Investment Counsel LLC bought a new position in shares of BlackRock Limited Duration Income Trust during the 3rd quarter valued at approximately $170,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of BlackRock Limited Duration Income Trust in the third quarter valued at $201,000.

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.