Blackrock Income Trust (NYSE:BKT) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Blackrock Income Trust (NYSE:BKT)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.47 and traded as low as $10.40. Blackrock Income Trust shares last traded at $10.5050, with a volume of 79,924 shares changing hands.

Blackrock Income Trust Stock Performance

The business has a 50 day moving average of $10.47 and a two-hundred day moving average of $10.69.

Blackrock Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0882 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

Institutional Trading of Blackrock Income Trust

A number of institutional investors have recently modified their holdings of the company. J.Safra Asset Management Corp acquired a new stake in Blackrock Income Trust in the second quarter valued at approximately $951,000. Paladin Partners LLC acquired a new position in shares of Blackrock Income Trust during the second quarter worth $1,899,000. Sankala Group LLC acquired a new position in shares of Blackrock Income Trust during the fourth quarter worth $46,000. Comerica Bank lifted 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. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Blackrock Income Trust during the 1st quarter valued at $120,000. 39.43% of the stock is currently 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.