Blackrock Income Trust (NYSE:BKT – Get Free Report) announced a monthly dividend on Friday, February 27th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0882 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Monday, June 15th.
Blackrock Income Trust Trading Up 0.1%
BKT stock traded up $0.02 during trading on Friday, reaching $10.51. The company’s stock had a trading volume of 152,437 shares, compared to its average volume of 117,705. Blackrock Income Trust has a 1 year low of $10.21 and a 1 year high of $11.86. The company’s fifty day moving average is $10.58 and its 200-day moving average is $10.86.
Institutional Investors Weigh In On Blackrock Income Trust
A number of institutional investors have recently bought and sold shares of BKT. Sankala Group LLC purchased a new stake in Blackrock Income Trust in the 4th quarter worth $46,000. Uhlmann Price Securities LLC bought a new position in shares of Blackrock Income Trust during the 4th quarter valued at about $113,000. Comerica Bank boosted its holdings in shares of Blackrock Income Trust by 43.0% during the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after purchasing an additional 3,166 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Blackrock Income Trust during the 1st quarter valued at about $120,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Blackrock Income Trust during the 4th quarter valued at about $134,000. Hedge funds and other institutional investors 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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