BlackRock Limited Duration Income Trust (NYSE:BLW) Stock Passes Above Fifty Day Moving Average – Time to Sell?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $14.24 and traded as high as $14.28. BlackRock Limited Duration Income Trust shares last traded at $14.23, with a volume of 69,776 shares trading hands.

BlackRock Limited Duration Income Trust Stock Performance

The business has a 50 day moving average price of $14.24 and a two-hundred day moving average price of $14.24.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.1132 dividend. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 9.55%.

Institutional Trading of BlackRock Limited Duration Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLW. Luken Investment Analytics LLC purchased a new stake in BlackRock Limited Duration Income Trust in the second quarter worth $35,000. Prospera Financial Services Inc lifted its stake in BlackRock Limited Duration Income Trust by 18.7% in the third quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after acquiring an additional 1,939 shares during the period. MML Investors Services LLC lifted its stake in BlackRock Limited Duration Income Trust by 14.2% in the third quarter. MML Investors Services LLC now owns 15,012 shares of the investment management company’s stock worth $217,000 after acquiring an additional 1,864 shares during the period. Annex Advisory Services LLC purchased a new stake in BlackRock Limited Duration Income Trust in the third quarter worth $223,000. Finally, Consolidated Portfolio Review Corp lifted its stake in BlackRock Limited Duration Income Trust by 3.3% in the third quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock worth $397,000 after acquiring an additional 876 shares during the period.

BlackRock Limited Duration Income Trust Company Profile

BlackRock Limited Duration Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income securities of the United States. It invests in securities of companies operating across diversified sectors. The fund primarily invests in investment grade corporate bonds, mortgage-related securities, asset-backed securities, US Government and agency securities, and senior, secured floating rate loans.