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

BlackRock Limited Duration Income Trust (NYSE:BLW) shares passed 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 traded.

BlackRock Limited Duration Income Trust Price Performance

The company has a 50 day simple moving average of $14.24 and a 200-day simple moving average of $14.24.

BlackRock Limited Duration Income Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.1132 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 9.55%. 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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Luken Investment Analytics LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the second quarter valued at approximately $35,000. Prospera Financial Services Inc boosted its stake in shares of BlackRock Limited Duration Income Trust by 18.7% during 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. MML Investors Services LLC boosted its stake 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 valued at $217,000 after purchasing an additional 1,864 shares during the period. Annex Advisory Services LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the third quarter valued at approximately $223,000. Finally, Consolidated Portfolio Review Corp boosted its stake in shares of BlackRock Limited Duration Income Trust by 3.3% during the third quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock valued at $397,000 after purchasing 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.