Allspring Global Investments Holdings LLC Sells 289,459 Shares of BlackRock Income Trust, Inc. (NYSE:BKT)

Allspring Global Investments Holdings LLC reduced its stake in BlackRock Income Trust, Inc. (NYSE:BKT) by 22.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 992,981 shares of the company’s stock after selling 289,459 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Income Trust were worth $12,343,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKT. Raymond James & Associates increased its position in BlackRock Income Trust by 39.2% in the 2nd quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock valued at $4,719,000 after buying an additional 111,364 shares in the last quarter. Canal Capital Management LLC bought a new stake in shares of BlackRock Income Trust during the second quarter valued at approximately $231,000. Choreo LLC acquired a new position in shares of BlackRock Income Trust during the second quarter worth approximately $233,000. Melfa Wealth Management Inc. lifted its holdings in shares of BlackRock Income Trust by 1.3% in the 3rd quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock worth $4,654,000 after purchasing an additional 4,896 shares in the last quarter. Finally, WMG Financial Advisors LLC grew its position in BlackRock Income Trust by 66.5% in the 2nd quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock valued at $292,000 after purchasing an additional 9,779 shares during the period. Institutional investors and hedge funds own 39.43% of the company’s stock.

BlackRock Income Trust Stock Performance

BKT opened at $12.00 on Friday. BlackRock Income Trust, Inc. has a 1-year low of $10.55 and a 1-year high of $12.67. The company’s fifty day moving average price is $12.38 and its two-hundred day moving average price is $11.98.

BlackRock Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.0882 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.82%.

BlackRock Income Trust Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.