Blackrock Income Trust (NYSE:BKT) Stock Price Up 0.6% – Should You Buy?

Shares of Blackrock Income Trust (NYSE:BKT) shot up 0.6% during trading on Tuesday . The company traded as high as $11.14 and last traded at $11.1150. 144,392 shares were traded during trading, a decline of 28% from the average session volume of 200,472 shares. The stock had previously closed at $11.05.

Blackrock Income Trust Stock Up 0.6%

The stock has a 50 day simple moving average of $11.19 and a two-hundred day simple moving average of $11.48.

Blackrock Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.0882 dividend. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Friday, November 14th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BKT. Chicago Partners Investment Group LLC purchased a new stake in Blackrock Income Trust in the first quarter valued at $552,000. Fiera Capital Corp purchased a new position in shares of Blackrock Income Trust during the first quarter worth about $1,146,000. 1607 Capital Partners LLC acquired a new stake in shares of Blackrock Income Trust during the first quarter worth about $2,229,000. Guggenheim Capital LLC increased its position in shares of Blackrock Income Trust by 19.2% during the first quarter. Guggenheim Capital LLC now owns 941,125 shares of the company’s stock worth $11,152,000 after purchasing an additional 151,896 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Blackrock Income Trust by 7.1% in the 1st quarter. LPL Financial LLC now owns 174,193 shares of the company’s stock valued at $2,064,000 after purchasing an additional 11,497 shares during the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

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.