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

Sit Investment Associates Inc. cut its holdings in BlackRock Income Trust, Inc. (NYSE:BKT) 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

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.