BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Crosses Below 200-Day Moving Average – What’s Next?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.87 and traded as low as $13.49. BlackRock Limited Duration Income Trust shares last traded at $13.56, with a volume of 108,948 shares traded.

BlackRock Limited Duration Income Trust Price Performance

The stock’s 50 day moving average is $13.73 and its two-hundred day moving average is $13.87.

BlackRock Limited Duration Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.1132 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Monday, June 15th.

Institutional Trading of BlackRock Limited Duration Income Trust

Institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in BlackRock Limited Duration Income Trust by 1.2% in the fourth quarter. Morgan Stanley now owns 4,593,229 shares of the investment management company’s stock valued at $63,111,000 after acquiring an additional 55,856 shares during the period. Guggenheim Capital LLC boosted its stake in shares of BlackRock Limited Duration Income Trust by 8.5% in the 2nd quarter. Guggenheim Capital LLC now owns 825,295 shares of the investment management company’s stock valued at $11,703,000 after purchasing an additional 64,467 shares in the last quarter. UBS Group AG grew its holdings in shares of BlackRock Limited Duration Income Trust by 7.4% in the 4th quarter. UBS Group AG now owns 697,442 shares of the investment management company’s stock worth $9,583,000 after purchasing an additional 48,276 shares during the last quarter. Invesco Ltd. increased its position in shares of BlackRock Limited Duration Income Trust by 2.8% during the 3rd quarter. Invesco Ltd. now owns 337,441 shares of the investment management company’s stock worth $4,724,000 after purchasing an additional 9,217 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its holdings in BlackRock Limited Duration Income Trust by 7.7% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 333,188 shares of the investment management company’s stock valued at $4,665,000 after purchasing an additional 23,730 shares during 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.