BLW Stock Summary and Trading Ideas (Blackrock Duration Income Trust | NYSE:BLW)

BlackRock Limited Duration Income Trust’s (BLW) (the “Fund”) investment objective is to provide current income and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in three distinct asset classes: intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and US Government and agency securities; senior, secured floating rate loans made to corporate and other business entities; and US dollar-denominated securities of US and non-US issuers rated below investment grade and, to a limited extent, non-US dollar denominated securities of non-US issuers rated below investment grade. The Fund’s portfolio normally has an average portfolio duration of less than five years (including the effect of anticipated leverage), although it may be longer from time to time depending on market conditions. The Fund may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Duration Income Trust trades on the NYSE stock market under the symbol BLW.

As of April 23, 2024, BLW stock price climbed to $13.59 with 74,558 million shares trading.

BLW has a beta of 0.54, meaning it tends to be less sensitive to market movements. BLW has a correlation of 0.30 to the broad based SPY ETF.

BLW has a market cap of $485.32 million. This is considered a Small Cap stock.

In the last 3 years, BLW stock traded as high as $17.64 and as low as $11.76.

BLW has underperformed the market in the last year with a return of +15.2%, while the SPY ETF gained +24.3%. In the last 3 month period, BLW fell short of the market, returning +1.5%, while SPY returned +4.9%. However, in the most recent 2 weeks BLW has outperformed the stock market by returning -1.1%, while SPY returned -2.5%.

BLW support price is $13.42 and resistance is $13.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BLW stock will trade within this expected range on the day.