BlackRock Limited Duration Income Trust (NYSE:BLW) Shares Pass Above 50-Day Moving Average of $14.19

Shares of BlackRock Limited Duration Income Trust (NYSE:BLW) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.19 and traded as high as $14.49. BlackRock Limited Duration Income Trust shares last traded at $14.41, with a volume of 90,870 shares trading hands.

BlackRock Limited Duration Income Trust Trading Up 1.4 %

The firm’s 50 day simple moving average is $14.21 and its 200-day simple moving average is $13.96.

BlackRock Limited Duration Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.1132 per share. The ex-dividend date is Monday, September 16th. 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 yield of 9.30%.

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

A number of large investors have recently made changes to their positions in BLW. Luken Investment Analytics LLC acquired a new stake in BlackRock Limited Duration Income Trust during the second quarter worth about $35,000. Virtu Financial LLC purchased a new stake in shares of BlackRock Limited Duration Income Trust during the 1st quarter valued at approximately $165,000. Concurrent Investment Advisors LLC acquired a new position in BlackRock Limited Duration Income Trust in the second quarter valued at approximately $210,000. Nomura Holdings Inc. purchased a new position in BlackRock Limited Duration Income Trust in the fourth quarter worth approximately $211,000. Finally, LM Advisors LLC acquired a new stake in BlackRock Limited Duration Income Trust during the fourth quarter worth $256,000.

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.