LifePlan Investment Advisors Inc. purchased a new position in Blackrock Income Trust (NYSE:BKT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 51,199 shares of the company’s stock, valued at approximately $1,436,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sit Investment Associates Inc. raised its stake in Blackrock Income Trust by 9.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock worth $55,754,000 after buying an additional 435,016 shares in the last quarter. Advocacy Wealth Management LLC bought a new position in shares of Blackrock Income Trust in the 2nd quarter worth $59,361,000. Guggenheim Capital LLC raised its position in shares of Blackrock Income Trust by 3.3% in the 4th quarter. Guggenheim Capital LLC now owns 1,239,012 shares of the company’s stock worth $13,679,000 after acquiring an additional 39,123 shares in the last quarter. Raymond James Financial Inc. lifted its stake 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 worth $14,516,000 after purchasing an additional 77,724 shares during the last quarter. Finally, Rivernorth Capital Management LLC purchased a new stake in shares of Blackrock Income Trust during the 4th quarter worth $9,462,000. 39.43% of the stock is currently owned by institutional investors.
Blackrock Income Trust Stock Up 0.1%
Shares of BKT stock opened at $10.27 on Friday. The stock’s 50-day moving average is $10.44 and its 200 day moving average is $10.59. Blackrock Income Trust has a 1-year low of $10.16 and a 1-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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