Legacy Wealth Managment LLC ID bought a new position in shares of Blackrock Income Trust (NYSE:BKT – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 161,892 shares of the company’s stock, valued at approximately $4,491,000. Blackrock Income Trust accounts for about 2.0% of Legacy Wealth Managment LLC ID’s investment portfolio, making the stock its 12th biggest holding.
Other large investors have also recently made changes to their positions in the company. Advocacy Wealth Management LLC bought a new position in shares of Blackrock Income Trust in the second quarter worth about $59,361,000. Rivernorth Capital Management LLC bought a new stake in Blackrock Income Trust during the 4th quarter valued at about $9,462,000. Sit Investment Associates Inc. lifted its holdings 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 buying an additional 435,016 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Blackrock Income Trust in the 3rd quarter valued at about $2,957,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in Blackrock Income Trust in the 2nd quarter valued at about $4,894,000. 39.43% of the stock is owned by hedge funds and other institutional investors.
Blackrock Income Trust Stock Performance
Shares of BKT stock opened at $10.27 on Friday. The company’s 50-day simple moving average is $10.44 and its two-hundred day simple moving average is $10.59. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86.
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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