Raymond James Financial Inc. purchased a new position in shares of BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,112,405 shares of the company's stock, valued at approximately $12,815,000. Raymond James Financial Inc. owned about 5.22% of BlackRock Income Trust as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of BKT. BDF Gestion acquired a new position in BlackRock Income Trust during the fourth quarter worth approximately $67,000. Concurrent Investment Advisors LLC increased its position in BlackRock Income Trust by 19.3% during 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. Fortitude Advisory Group L.L.C. increased its position in BlackRock Income Trust by 7.1% during the fourth 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. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of BlackRock Income Trust by 34.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company's stock worth $826,000 after acquiring an additional 17,000 shares during the period. Institutional investors and hedge funds own 39.43% of the company's stock.
BlackRock Income Trust Trading Up 0.4 %
Shares of NYSE:BKT traded up $0.05 during trading on Friday, reaching $11.71. 39,779 shares of the stock were exchanged, compared to its average volume of 63,666. BlackRock Income Trust, Inc. has a 12 month low of $11.06 and a 12 month high of $12.67. The stock has a 50-day moving average price of $11.68 and a 200-day moving average price of $11.90.
BlackRock Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.04%. The ex-dividend date is Friday, March 14th.
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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