BlackRock Income Trust (NYSE:BKT) Stock Price Up 0.5%

BlackRock Income Trust, Inc. (NYSE:BKTGet Rating)’s stock price was up 0.5% during mid-day trading on Thursday . The company traded as high as $12.60 and last traded at $12.58. Approximately 53,091 shares were traded during trading, a decline of 4% from the average daily volume of 55,311 shares. The stock had previously closed at $12.52.

BlackRock Income Trust Stock Up 0.5 %

The firm has a 50 day simple moving average of $12.28 and a two-hundred day simple moving average of $13.25.

BlackRock Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.0882 per share. The ex-dividend date is Monday, November 14th. This is a boost from BlackRock Income Trust’s previous monthly dividend of $0.03. This represents a $1.06 annualized dividend and a yield of 8.41%.

Institutional Investors Weigh In On BlackRock Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Karpus Management Inc. raised its holdings in shares of BlackRock Income Trust by 11.3% during the third quarter. Karpus Management Inc. now owns 1,253,380 shares of the company’s stock worth $5,189,000 after acquiring an additional 127,738 shares in the last quarter. Commonwealth Equity Services LLC increased its position in BlackRock Income Trust by 21.3% during the third quarter. Commonwealth Equity Services LLC now owns 54,278 shares of the company’s stock worth $224,000 after buying an additional 9,543 shares during the last quarter. 1607 Capital Partners LLC increased its position in BlackRock Income Trust by 11.8% during the third quarter. 1607 Capital Partners LLC now owns 704,959 shares of the company’s stock worth $2,919,000 after buying an additional 74,390 shares during the last quarter. Guggenheim Capital LLC increased its position in BlackRock Income Trust by 7.4% during the third quarter. Guggenheim Capital LLC now owns 379,169 shares of the company’s stock worth $1,570,000 after buying an additional 25,961 shares during the last quarter. Finally, Rock Point Advisors LLC increased its position in BlackRock Income Trust by 3.1% during the third quarter. Rock Point Advisors LLC now owns 273,700 shares of the company’s stock worth $1,133,000 after buying an additional 8,150 shares during the last quarter. Institutional investors and hedge funds own 33.65% of the company’s stock.

BlackRock Income Trust Company Profile

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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.

Further Reading

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