Blackrock Income Trust (NYSE:BKT – Get Free Report) declared a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0882 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Tuesday, September 15th.
Blackrock Income Trust Stock Up 0.0%
BKT stock opened at $10.02 on Friday. The company has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $10.56. Blackrock Income Trust has a one year low of $9.95 and a one year high of $11.84.
Hedge Funds Weigh In On Blackrock Income Trust
A number of hedge funds have recently bought and sold shares of the business. Advocacy Wealth Management LLC bought a new stake in shares of Blackrock Income Trust during the 2nd quarter valued at $59,361,000. Rivernorth Capital Management LLC bought a new stake in Blackrock Income Trust during the fourth quarter worth $9,462,000. Sit Investment Associates Inc. increased its stake in shares of Blackrock Income Trust by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after purchasing an additional 435,016 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Blackrock Income Trust in the third quarter valued at about $2,957,000. Finally, Advisory Solutions Group LLC bought a new position in shares of Blackrock Income Trust in the second quarter worth about $6,549,000. 39.43% of the stock is owned by institutional investors.
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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