BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Cross Above Fifty Day Moving Average – Should You Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.49 and traded as high as $12.52. BlackRock Limited Duration Income Trust shares last traded at $12.4750, with a volume of 190,890 shares trading hands.

BlackRock Limited Duration Income Trust Price Performance

The firm’s fifty day moving average is $12.49 and its two-hundred day moving average is $13.08.

BlackRock Limited Duration Income Trust Dividend Announcement

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

Institutional Trading of BlackRock Limited Duration Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BLW. Allworth Financial LP increased its holdings in shares of BlackRock Limited Duration Income Trust by 62.6% in the fourth quarter. Allworth Financial LP now owns 2,146 shares of the investment management company’s stock valued at $29,000 after buying an additional 826 shares in the last quarter. Leonteq Securities AG acquired a new stake in BlackRock Limited Duration Income Trust during the first quarter valued at $75,000. Delta Financial Advisors LLC bought a new stake in shares of BlackRock Limited Duration Income Trust in the 4th quarter valued at approximately $174,000. Fifth Third Bancorp bought a new stake in BlackRock Limited Duration Income Trust in the first quarter worth approximately $177,000. Finally, Marin Bay Wealth Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust during the first quarter worth $204,000.

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.