Blackrock Income Trust (NYSE:BKT – Get Free Report) declared a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, November 13th will be paid a dividend of 0.0882 per share on Monday, November 30th. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Friday, November 13th.
Blackrock Income Trust Stock Up 0.0%
Shares of BKT stock opened at $10.02 on Friday. Blackrock Income Trust has a fifty-two week low of $9.95 and a fifty-two week high of $11.84. The stock’s 50-day moving average is $10.38 and its two-hundred day moving average is $10.56.
Hedge Funds Weigh In On Blackrock Income Trust
Hedge funds have recently added to or reduced their stakes in the company. Sit Investment Associates Inc. raised 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 valued at $55,754,000 after acquiring an additional 435,016 shares in the last quarter. Advocacy Wealth Management LLC acquired a new position in shares of Blackrock Income Trust during the 2nd quarter worth $59,361,000. Guggenheim Capital LLC increased its stake in shares of Blackrock Income Trust by 3.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,239,012 shares of the company’s stock worth $13,679,000 after purchasing an additional 39,123 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Blackrock Income Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company’s stock valued at $14,516,000 after purchasing an additional 77,724 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new position in shares of Blackrock Income Trust during the 4th quarter valued at $9,462,000. Institutional investors and hedge funds own 39.43% of the company’s stock.
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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