Sit Investment Associates Inc. lessened its position in shares of BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,948,403 shares of the company's stock after selling 235,520 shares during the quarter. Sit Investment Associates Inc. owned approximately 9.14% of BlackRock Income Trust worth $22,446,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. World Investment Advisors purchased a new stake in BlackRock Income Trust in the 4th quarter worth approximately $170,000. LPL Financial LLC raised its holdings in shares of BlackRock Income Trust by 8.6% during the 4th quarter. LPL Financial LLC now owns 162,696 shares of the company's stock valued at $1,874,000 after buying an additional 12,848 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of BlackRock Income Trust by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,497 shares of the company's stock worth $202,000 after purchasing an additional 978 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BlackRock Income Trust in the 4th quarter valued at about $12,815,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of 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. 39.43% of the stock is owned by institutional investors and hedge funds.
BlackRock Income Trust Price Performance
Shares of BKT traded down $0.07 during mid-day trading on Thursday, hitting $11.33. The stock had a trading volume of 78,849 shares, compared to its average volume of 65,168. The company's fifty day simple moving average is $11.71 and its two-hundred day simple moving average is $11.81. BlackRock Income Trust, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $12.67.
BlackRock Income Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.0882 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.34%.
About BlackRock Income Trust
(
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.
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