Blackrock Income Trust (NYSE:BKT) Stock Price Up 0.2% – Time to Buy?

Blackrock Income Trust (NYSE:BKT)’s stock price rose 0.2% during trading on Tuesday . The stock traded as high as $11.17 and last traded at $11.1550. Approximately 164,568 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 156,977 shares. The stock had previously closed at $11.13.

Blackrock Income Trust Stock Up 0.2%

The stock has a fifty day moving average of $11.06 and a 200-day moving average of $11.36.

Blackrock Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0882 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Uhlmann Price Securities LLC purchased a new stake in shares of Blackrock Income Trust during the 4th quarter worth $113,000. Comerica Bank lifted its holdings in Blackrock Income Trust by 43.0% during the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after buying an additional 3,166 shares during the last quarter. M Holdings Securities Inc. purchased a new stake in Blackrock Income Trust during the 2nd quarter worth about $213,000. Steward Partners Investment Advisory LLC boosted its position in shares of Blackrock Income Trust by 63.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 19,642 shares of the company’s stock worth $231,000 after acquiring an additional 7,660 shares in the last quarter. Finally, Noble Wealth Management PBC increased its holdings in shares of Blackrock Income Trust by 4,325.0% in the 4th quarter. Noble Wealth Management PBC now owns 44,250 shares of the company’s stock valued at $489,000 after acquiring an additional 43,250 shares during the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.

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.