Concurrent Investment Advisors LLC purchased a new stake in Blackrock Income Trust (NYSE:BKT – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 72,928 shares of the company’s stock, valued at approximately $3,668,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Advocacy Wealth Management LLC acquired a new position in shares of Blackrock Income Trust during the second quarter worth about $59,361,000. Rivernorth Capital Management LLC purchased a new stake in shares of Blackrock Income Trust in the fourth quarter worth about $9,462,000. Sit Investment Associates Inc. grew its stake in shares of Blackrock Income Trust by 9.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after buying an additional 435,016 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Blackrock Income Trust in the third quarter valued at about $2,957,000. Finally, Rock Point Advisors LLC raised its holdings in shares of Blackrock Income Trust by 171.3% during the 4th quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock valued at $2,760,000 after buying an additional 157,850 shares during the period. 39.43% of the stock is owned by hedge funds and other institutional investors.
Blackrock Income Trust Price Performance
Blackrock Income Trust stock opened at $10.22 on Tuesday. The stock’s 50 day moving average price is $10.42 and its 200 day moving average price is $10.58. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86.
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.
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