First Trust Advisors LP Has $1.91 Million Stock Holdings in Blackrock Income Trust $BKT

First Trust Advisors LP increased its position in shares of Blackrock Income Trust (NYSE:BKT) by 231.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,020 shares of the company’s stock after acquiring an additional 126,426 shares during the quarter. First Trust Advisors LP’s holdings in Blackrock Income Trust were worth $1,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BKT. Sankala Group LLC acquired a new stake in Blackrock Income Trust in the fourth quarter worth $46,000. Comerica Bank increased its position in shares of Blackrock Income Trust by 43.0% in the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after buying an additional 3,166 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Blackrock Income Trust in the 1st quarter valued at $120,000. Commonwealth Equity Services LLC acquired a new stake in Blackrock Income Trust during the 4th quarter worth $134,000. Finally, Readystate Asset Management LP acquired a new stake in Blackrock Income Trust during the 4th quarter worth $173,000. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Trading Up 0.6%

BKT stock opened at $10.52 on Friday. Blackrock Income Trust has a 1-year low of $10.16 and a 1-year high of $11.86. The business’s 50-day moving average price is $10.47 and its two-hundred day moving average price is $10.69.

Blackrock Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0882 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

Blackrock Income Trust Profile

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.