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

BlackRock Limited Duration Income Trust (NYSE:BLW) crossed 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 simple moving average of $14.23 and a two-hundred day simple moving average of $14.28.

BlackRock Limited Duration Income Trust Increases Dividend

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

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its position in shares of BlackRock Limited Duration Income Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 12,298 shares of the investment management company’s stock worth $178,000 after buying an additional 1,939 shares in the last quarter. Round Rock Advisors LLC bought a new stake in BlackRock Limited Duration Income Trust during the fourth quarter worth $190,000. MML Investors Services LLC boosted its position 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 purchasing an additional 1,864 shares during the last quarter. Comerica Bank grew its stake in BlackRock Limited Duration Income Trust by 13.5% in 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. Finally, Virtus ETF Advisers LLC increased its position in shares of BlackRock Limited Duration Income Trust by 18.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 51,320 shares of the investment management company’s stock valued at $725,000 after purchasing an additional 8,094 shares during the last quarter.

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.