34,679 Shares in BlackRock Income Trust, Inc. (NYSE:BKT) Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. acquired a new position in BlackRock Income Trust, Inc. (NYSE:BKT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,679 shares of the company’s stock, valued at approximately $422,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc purchased a new stake in BlackRock Income Trust during the 3rd quarter valued at $25,000. Allworth Financial LP bought a new position in BlackRock Income Trust in the 4th quarter worth $82,000. Meadow Creek Wealth Advisors LLC bought a new position in BlackRock Income Trust in the 4th quarter worth $208,000. Arkadios Wealth Advisors boosted its holdings in BlackRock Income Trust by 2.8% in the 4th quarter. Arkadios Wealth Advisors now owns 38,163 shares of the company’s stock worth $465,000 after buying an additional 1,043 shares during the period. Finally, Significant Wealth Partners LLC bought a new position in BlackRock Income Trust in the 4th quarter worth $499,000. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Income Trust Stock Up 1.0 %

Shares of BlackRock Income Trust stock opened at $11.23 on Monday. The company has a fifty day moving average of $11.70 and a 200 day moving average of $11.71. BlackRock Income Trust, Inc. has a fifty-two week low of $10.55 and a fifty-two week high of $12.74.

BlackRock Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a dividend yield of 9.42%. The ex-dividend date is Friday, April 12th.

BlackRock Income Trust Company Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.