Blackrock Income Trust (NYSE:BKT – Get Free Report) declared a monthly dividend on Thursday, September 10th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.0882 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Thursday, October 15th.
Blackrock Income Trust Price Performance
NYSE:BKT opened at $10.02 on Friday. Blackrock Income Trust has a twelve month low of $10.01 and a twelve month high of $11.84. The company’s 50-day moving average price is $10.39 and its 200-day moving average price is $10.56.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in BKT. Advocacy Wealth Management LLC acquired a new position in shares of Blackrock Income Trust during the 2nd quarter valued at about $59,361,000. Rivernorth Capital Management LLC purchased a new stake in shares of Blackrock Income Trust in the fourth quarter valued at about $9,462,000. Sit Investment Associates Inc. increased its position in Blackrock Income Trust by 9.4% during the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock worth $55,754,000 after purchasing an additional 435,016 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Blackrock Income Trust during the third quarter worth about $2,957,000. Finally, Advisory Solutions Group LLC purchased a new position in Blackrock Income Trust during the second quarter worth about $6,549,000. 39.43% of the stock is currently owned by institutional investors and hedge funds.
Blackrock Income Trust Company 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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