BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

BlackRock Limited Duration Income Trust (NYSE:BLW) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $14.34 and traded as high as $14.58. BlackRock Limited Duration Income Trust shares last traded at $14.47, with a volume of 128,306 shares trading hands.

BlackRock Limited Duration Income Trust Trading Up 0.1 %

The company’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $14.00.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.1132 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.36 dividend on an annualized basis and a yield of 9.39%. This is a boost from BlackRock Limited Duration Income Trust’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On BlackRock Limited Duration Income Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rockport Wealth LLC purchased a new stake in BlackRock Limited Duration Income Trust during the first quarter worth approximately $374,000. LM Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust in the 4th quarter valued at $256,000. GraniteShares Advisors LLC increased its holdings in BlackRock Limited Duration Income Trust by 14.2% in the 2nd quarter. GraniteShares Advisors LLC now owns 140,177 shares of the investment management company’s stock valued at $1,957,000 after purchasing an additional 17,482 shares in the last quarter. Nomura Holdings Inc. purchased a new position in BlackRock Limited Duration Income Trust in the fourth quarter valued at about $211,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of BlackRock Limited Duration Income Trust during the second quarter worth about $210,000.

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.