BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Cross Below 200-Day Moving Average – Here’s Why

BlackRock Limited Duration Income Trust (NYSE:BLW) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.28 and traded as low as $13.93. BlackRock Limited Duration Income Trust shares last traded at $14.03, with a volume of 147,192 shares changing hands.

BlackRock Limited Duration Income Trust Stock Performance

The business’s 50-day moving average is $14.22 and its 200 day moving average is $14.28.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.1132 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09. This represents a $1.36 annualized dividend and a dividend yield of 9.68%.

Institutional Trading of BlackRock Limited Duration Income Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Jefferies Financial Group Inc. increased its position in BlackRock Limited Duration Income Trust by 0.5% in the 4th quarter. Jefferies Financial Group Inc. now owns 182,793 shares of the investment management company’s stock valued at $2,583,000 after acquiring an additional 935 shares during the period. MML Investors Services LLC grew its stake in shares of 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 purchasing an additional 1,864 shares during the last quarter. Prospera Financial Services Inc increased its holdings 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 valued at $178,000 after purchasing an additional 1,939 shares during the period. Bank of America Corp DE raised its position in BlackRock Limited Duration Income Trust by 1.0% during the 4th quarter. Bank of America Corp DE now owns 252,312 shares of the investment management company’s stock worth $3,565,000 after purchasing an additional 2,494 shares during the last quarter. Finally, Comerica Bank lifted its holdings in BlackRock Limited Duration Income Trust by 13.5% during the 4th quarter. Comerica Bank now owns 38,876 shares of the investment management company’s stock worth $549,000 after buying an additional 4,617 shares during the period.

About BlackRock Limited Duration Income Trust

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.