BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

BlackRock Limited Duration Income Trust (NYSE:BLWGet Free Report)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.54 and traded as low as $12.18. BlackRock Limited Duration Income Trust shares last traded at $12.25, with a volume of 103,368 shares trading hands.

BlackRock Limited Duration Income Trust Trading Up 0.2%

The stock has a fifty day moving average price of $12.54 and a two-hundred day moving average price of $13.14.

BlackRock Limited Duration Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1132 dividend. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BLW. Cetera Investment Advisers grew its stake in shares of BlackRock Limited Duration Income Trust by 1.6% in the first quarter. Cetera Investment Advisers now owns 52,515 shares of the investment management company’s stock worth $661,000 after purchasing an additional 822 shares in the last quarter. Allworth Financial LP raised 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 lifted its holdings in BlackRock Limited Duration Income Trust by 2.1% in the first quarter. Janney Montgomery Scott LLC now owns 41,695 shares of the investment management company’s stock worth $525,000 after purchasing an additional 850 shares during the period. Smith Asset Management Co. LLC lifted its holdings in BlackRock Limited Duration Income Trust by 1.9% in the fourth quarter. Smith Asset Management Co. LLC now owns 54,494 shares of the investment management company’s stock worth $749,000 after purchasing an additional 1,003 shares during the period. Finally, Verity Asset Management Inc. grew its position in BlackRock Limited Duration Income Trust by 2.3% in the 3rd quarter. Verity Asset Management Inc. now owns 55,681 shares of the investment management company’s stock valued at $780,000 after buying an additional 1,243 shares in the last quarter.

About BlackRock Limited Duration Income Trust

(Get Free Report)

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.

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