Free Trial

BlackRock Income Trust, Inc. (NYSE:BKT) Holdings Trimmed by Sit Investment Associates Inc.

BlackRock Income Trust logo with Finance background
Remove Ads

Sit Investment Associates Inc. cut its holdings in BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,948,403 shares of the company's stock after selling 235,520 shares during the quarter. Sit Investment Associates Inc. owned about 9.14% of BlackRock Income Trust worth $22,446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BDF Gestion bought a new stake in shares of BlackRock Income Trust in the 4th quarter worth approximately $67,000. Concurrent Investment Advisors LLC grew its position in BlackRock Income Trust by 19.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company's stock worth $157,000 after buying an additional 2,206 shares during the last quarter. World Investment Advisors bought a new position in shares of BlackRock Income Trust in the fourth quarter valued at $170,000. Commonwealth Equity Services LLC lifted its position in shares of BlackRock Income Trust by 5.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,497 shares of the company's stock valued at $202,000 after acquiring an additional 978 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. boosted its stake in shares of BlackRock Income Trust by 7.1% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company's stock worth $282,000 after acquiring an additional 1,617 shares in the last quarter. 39.43% of the stock is owned by institutional investors and hedge funds.

BlackRock Income Trust Stock Down 2.4 %

Shares of BlackRock Income Trust stock opened at $11.69 on Friday. BlackRock Income Trust, Inc. has a 12-month low of $11.06 and a 12-month high of $12.67. The stock's fifty day moving average is $11.73 and its 200-day moving average is $11.85.

BlackRock Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date of this dividend is Tuesday, April 15th.

BlackRock Income Trust Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for BlackRock Income Trust (NYSE:BKT)

Remove Ads

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in BlackRock Income Trust Right Now?

Before you consider BlackRock Income Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Income Trust wasn't on the list.

While BlackRock Income Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Google’s $32B Move: 3 Cybersecurity Stocks to Watch

Google’s $32B Move: 3 Cybersecurity Stocks to Watch

Cybersecurity spending is skyrocketing – and these 3 stocks are ready to take off! Watch top 3 cybersecurity stocks with massive upside as demand surges.

Related Videos

3 AI Stocks to Watch After NVIDIA’s Dip
7 Inflation-Proof Stocks to Protect Your Portfolio
3 AI Bargain Stocks to BUY NOW After the DeepSeek Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads