Invesco Ltd. raised its holdings in BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,649 shares of the company's stock after buying an additional 34,937 shares during the quarter. Invesco Ltd. owned approximately 1.00% of BlackRock Income Trust worth $2,450,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of BKT. Fortitude Advisory Group L.L.C. increased its holdings 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 buying an additional 1,617 shares during the last quarter. BDF Gestion purchased a new position in shares of BlackRock Income Trust in the 4th quarter worth about $67,000. Concurrent Investment Advisors LLC grew its holdings in shares of BlackRock Income Trust by 19.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company's stock worth $157,000 after purchasing an additional 2,206 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Income Trust in the fourth quarter worth $12,815,000. Finally, Commonwealth Equity Services LLC increased its holdings in BlackRock Income Trust by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,497 shares of the company's stock valued at $202,000 after purchasing an additional 978 shares in the last quarter. Institutional investors and hedge funds own 39.43% of the company's stock.
BlackRock Income Trust Trading Down 0.5 %
Shares of NYSE:BKT opened at $11.58 on Tuesday. The business's 50-day simple moving average is $11.63 and its 200 day simple moving average is $11.72. BlackRock Income Trust, Inc. has a one year low of $11.21 and a one year high of $12.67.
BlackRock Income Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.0882 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.14%. The ex-dividend date of this dividend is Tuesday, April 15th.
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.
Read More
Want to see what other hedge funds are holding BKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Income Trust, Inc. (NYSE:BKT - Free Report).
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.
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
