Endeavor Private Wealth Inc. bought a new stake in shares of Blackrock Income Trust (NYSE:BKT – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 98,073 shares of the company’s stock, valued at approximately $2,751,000.
Other hedge funds have also made changes to their positions in the company. Arkadios Wealth Advisors boosted its position in Blackrock Income Trust by 4.4% during the 1st quarter. Arkadios Wealth Advisors now owns 43,420 shares of the company’s stock valued at $459,000 after purchasing an additional 1,830 shares during the period. Fortitude Advisory Group L.L.C. boosted its holdings in shares of Blackrock Income Trust by 6.5% during the second quarter. Fortitude Advisory Group L.L.C. now owns 30,742 shares of the company’s stock valued at $330,000 after acquiring an additional 1,872 shares during the period. Orion Capital Management LLC acquired a new position in shares of Blackrock Income Trust during the second quarter valued at $85,000. Comerica Bank grew 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 acquiring an additional 3,166 shares during the last quarter. Finally, Riverbridge Partners LLC grew its position in shares of Blackrock Income Trust by 3.8% during the first quarter. Riverbridge Partners LLC now owns 108,500 shares of the company’s stock worth $1,147,000 after acquiring an additional 3,938 shares during the last quarter. Institutional investors own 39.43% of the company’s stock.
Blackrock Income Trust Stock Down 0.6%
BKT stock opened at $10.22 on Friday. The firm’s 50-day simple moving average is $10.43 and its 200 day simple moving average is $10.59. Blackrock Income Trust has a fifty-two week low of $10.16 and a fifty-two 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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