Legacy Wealth Managment LLC ID acquired a new stake in shares of Blackrock Income Trust (NYSE:BKT – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 140,966 shares of the company’s stock, valued at approximately $3,662,000. Blackrock Income Trust comprises about 1.6% of Legacy Wealth Managment LLC ID’s portfolio, making the stock its 14th biggest position.
Several other hedge funds also recently added to or reduced their stakes in the stock. Sankala Group LLC bought a new stake in shares of Blackrock Income Trust in the 4th quarter worth about $46,000. Orion Capital Management LLC acquired a new stake in shares of Blackrock Income Trust in the 2nd quarter valued at about $85,000. Comerica Bank lifted its position in shares of Blackrock Income Trust by 43.0% during the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after purchasing an additional 3,166 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Blackrock Income Trust in the first quarter worth about $120,000. Finally, Commonwealth Equity Services LLC bought a new stake in Blackrock Income Trust in the fourth quarter valued at about $134,000. 39.43% of the stock is owned by institutional investors and hedge funds.
Blackrock Income Trust Stock Performance
Shares of NYSE BKT opened at $10.27 on Friday. The stock’s 50 day moving average price is $10.44 and its two-hundred day moving average price is $10.59. Blackrock Income Trust has a 52-week low of $10.16 and a 52-week high of $11.86.
Blackrock Income Trust 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.
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