BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Passes Above 50 Day Moving Average – Should You Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.49 and traded as high as $12.64. BlackRock Limited Duration Income Trust shares last traded at $12.6090, with a volume of 104,443 shares.

BlackRock Limited Duration Income Trust Stock Performance

The stock’s 50-day moving average is $12.50 and its 200-day moving average is $12.85.

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BlackRock Limited Duration Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.1132 dividend. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLW. Allworth Financial LP lifted its stake 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 during the period. Leonteq Securities AG bought a new position in shares of BlackRock Limited Duration Income Trust during the first quarter valued at $75,000. Delta Financial Advisors LLC bought a new position in BlackRock Limited Duration Income Trust during the 4th quarter valued at about $174,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Limited Duration Income Trust in the 1st quarter worth approximately $177,000. Finally, Marin Bay Wealth Advisors LLC bought a new position in BlackRock Limited Duration Income Trust in the 1st quarter valued at $204,000.

BlackRock Limited Duration Income Trust Company Profile

(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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