Blackrock Income Trust (NYSE:BKT – Get Free Report) declared a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.0882 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 10.1%. The ex-dividend date is Friday, August 14th.
Blackrock Income Trust Stock Down 0.7%
Shares of Blackrock Income Trust stock opened at $10.48 on Wednesday. The company has a fifty day moving average of $10.47 and a 200-day moving average of $10.68. Blackrock Income Trust has a 52-week low of $10.16 and a 52-week high of $11.86.
Institutional Investors Weigh In On Blackrock Income Trust
A number of large investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC purchased a new stake in shares of Blackrock Income Trust in the 4th quarter worth approximately $9,462,000. Sit Investment Associates Inc. increased its stake in Blackrock Income Trust by 9.4% during the 4th quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after purchasing an additional 435,016 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Blackrock Income Trust in the 3rd quarter worth $2,957,000. Rock Point Advisors LLC raised its holdings in shares of Blackrock Income Trust by 171.3% during the fourth quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock valued at $2,760,000 after purchasing an additional 157,850 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Blackrock Income Trust by 231.6% during the 1st quarter. First Trust Advisors LP now owns 181,020 shares of the company’s stock valued at $1,913,000 after buying an additional 126,426 shares during the last quarter. 39.43% of the stock is currently owned by institutional investors.
About Blackrock Income Trust
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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