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

BlackRock Limited Duration Income Trust (NYSE:BLW) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

BlackRock Limited Duration Income Trust Stock Performance

The firm has a 50 day moving average price of $14.23 and a two-hundred day moving average price of $14.28.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.1132 per share. This represents a $1.36 dividend on an annualized basis and a yield of 9.69%. The ex-dividend date is Friday, March 14th. This is a positive change from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

Institutional Trading of BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. boosted its holdings 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 worth $2,583,000 after buying an additional 935 shares during the period. MML Investors Services LLC lifted its position in shares of BlackRock Limited Duration Income Trust by 14.2% during 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 in the last quarter. Prospera Financial Services Inc boosted its holdings in shares of 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. Bank of America Corp DE grew its position in shares of BlackRock Limited Duration Income Trust by 1.0% in the fourth quarter. Bank of America Corp DE now owns 252,312 shares of the investment management company’s stock valued at $3,565,000 after purchasing an additional 2,494 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of 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 valued at $549,000 after purchasing an additional 4,617 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.