First Trust Advisors LP Raises Stake in Blackrock Municipal Income Trust (BFK)
First Trust Advisors LP grew its holdings in Blackrock Municipal Income Trust (NYSE:BFK) by 45.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,636 shares of the investment management company’s stock after purchasing an additional 13,364 shares during the period. First Trust Advisors LP’s holdings in Blackrock Municipal Income Trust were worth $603,000 as of its most recent SEC filing.
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Blackrock Municipal Income Trust (NYSE BFK) opened at 14.38 on Monday. The stock has a 50 day moving average price of $14.47 and a 200-day moving average price of $14.21. Blackrock Municipal Income Trust has a one year low of $13.42 and a one year high of $15.88.
The business also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.065 per share. This represents a $0.78 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, September 14th.
Blackrock Municipal Income Trust Company Profile
BlackRock Municipal Income Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes.
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