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 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

BlackRock Limited Duration Income Trust Trading Up 0.1%

The business’s fifty day simple moving average is $13.73 and its 200 day simple moving average is $13.87.

BlackRock Limited Duration Income Trust Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its position in BlackRock Limited Duration Income Trust by 62.6% in the 4th 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 last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of BlackRock Limited Duration Income Trust during the second quarter valued at $42,000. Readystate Asset Management LP bought a new position in BlackRock Limited Duration Income Trust in the third quarter valued at about $150,000. Moloney Securities Asset Management LLC acquired a new stake in BlackRock Limited Duration Income Trust in the third quarter worth about $154,000. Finally, Samalin Investment Counsel LLC bought a new stake in BlackRock Limited Duration Income Trust during the 3rd quarter worth about $170,000.

About BlackRock Limited Duration Income Trust

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.