Allspring Global Investments Holdings LLC Decreases Holdings in BlackRock Income Trust, Inc. (NYSE:BKT)

Allspring Global Investments Holdings LLC lowered its position in BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 762,456 shares of the company's stock after selling 230,525 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.58% of BlackRock Income Trust worth $8,783,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. BDF Gestion bought a new position in BlackRock Income Trust in the 4th quarter worth about $67,000. Canal Capital Management LLC boosted its stake in BlackRock Income Trust by 13.6% in the 3rd quarter. Canal Capital Management LLC now owns 21,964 shares of the company's stock worth $273,000 after purchasing an additional 2,632 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in BlackRock Income Trust by 7.1% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company's stock worth $282,000 after purchasing an additional 1,617 shares during the period. Arkadios Wealth Advisors boosted its stake in BlackRock Income Trust by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company's stock worth $544,000 after purchasing an additional 1,780 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company's stock valued at $826,000 after acquiring an additional 17,000 shares during the last quarter. Hedge funds and other institutional investors own 39.43% of the company's stock.

BlackRock Income Trust Stock Performance

Shares of BKT traded up $0.03 during trading hours on Friday, reaching $11.66. 99,402 shares of the company's stock traded hands, compared to its average volume of 65,229. The firm's 50 day simple moving average is $11.60 and its 200-day simple moving average is $11.99. BlackRock Income Trust, Inc. has a 12 month low of $11.06 and a 12 month high of $12.67.

BlackRock Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0882 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.08%.

About BlackRock Income Trust

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.