BlackRock Limited Duration Income Trust (NYSE:BLW) Share Price Crosses Above 50-Day Moving Average – What’s Next?

BlackRock Limited Duration Income Trust (NYSE:BLW)’s share price 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 Stock Down 0.4 %

The firm has a 50 day moving average price of $14.24 and a two-hundred day moving average price of $14.25.

BlackRock Limited Duration Income Trust Increases Dividend

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

Institutional Investors Weigh In On BlackRock Limited Duration Income Trust

Hedge funds have recently modified their holdings of the stock. MML Investors Services LLC grew 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 valued at $217,000 after acquiring an additional 1,864 shares in the last quarter. Prospera Financial Services Inc grew its holdings in 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 valued at $178,000 after purchasing an additional 1,939 shares in the last quarter. Principal Securities Inc. lifted its holdings in BlackRock Limited Duration Income Trust by 95.3% in the 3rd quarter. Principal Securities Inc. now owns 213,901 shares of the investment management company’s stock worth $3,097,000 after buying an additional 104,388 shares in the last quarter. Consolidated Portfolio Review Corp boosted its position in BlackRock Limited Duration Income Trust by 3.3% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 27,435 shares of the investment management company’s stock valued at $397,000 after buying an additional 876 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in shares of BlackRock Limited Duration Income Trust during the third quarter valued at about $223,000.

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.