BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.04 and traded as low as $13.81. BlackRock Limited Duration Income Trust shares last traded at $13.82, with a volume of 90,200 shares.

BlackRock Limited Duration Income Trust Stock Down 0.8%

The business’s fifty day moving average is $13.99 and its 200 day moving average is $14.04.

BlackRock Limited Duration Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a $0.1132 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 9.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLW. Newbridge Financial Services Group Inc. bought a new position in BlackRock Limited Duration Income Trust during the second quarter worth about $42,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of BlackRock Limited Duration Income Trust in the second quarter valued at approximately $47,000. Readystate Asset Management LP purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 3rd quarter valued at approximately $150,000. Moloney Securities Asset Management LLC bought a new position in BlackRock Limited Duration Income Trust in the 3rd quarter worth approximately $154,000. Finally, Samalin Investment Counsel LLC purchased a new position in BlackRock Limited Duration Income Trust in the 3rd quarter valued at approximately $170,000.

BlackRock Limited Duration Income Trust Company Profile

BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.