BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.37 and traded as low as $12.38. BlackRock Limited Duration Income Trust shares last traded at $12.4350, with a volume of 58,797 shares changing hands.

BlackRock Limited Duration Income Trust Trading Up 0.1%

The firm’s 50-day moving average price is $12.66 and its 200-day moving average price is $13.36.

BlackRock Limited Duration Income Trust Announces Dividend

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

Institutional Trading of BlackRock Limited Duration Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in shares of BlackRock Limited Duration Income Trust by 1.6% during the first quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock valued at $661,000 after purchasing an additional 822 shares in the last quarter. Allworth Financial LP boosted its stake in shares of BlackRock Limited Duration Income Trust by 62.6% during the fourth quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 826 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of BlackRock Limited Duration Income Trust by 2.1% during the first quarter. Janney Montgomery Scott LLC now owns 41,695 shares of the investment management company’s stock valued at $525,000 after purchasing an additional 850 shares in the last quarter. Smith Asset Management Co. LLC boosted its stake in shares of BlackRock Limited Duration Income Trust by 1.9% during the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock valued at $749,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its stake in BlackRock Limited Duration Income Trust by 2.3% in the third quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock valued at $780,000 after acquiring an additional 1,243 shares in the last quarter.

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.