Blackrock Income Trust $BKT Shares Purchased by Rock Point Advisors LLC

Rock Point Advisors LLC raised its holdings in shares of Blackrock Income Trust (NYSE:BKT) by 171.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 250,023 shares of the company’s stock after purchasing an additional 157,850 shares during the quarter. Rock Point Advisors LLC’s holdings in Blackrock Income Trust were worth $2,760,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Comerica Bank grew its stake in Blackrock Income Trust by 43.0% during the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after purchasing an additional 3,166 shares in the last quarter. Fiera Capital Corp grew its stake in Blackrock Income Trust by 7.8% during the 3rd quarter. Fiera Capital Corp now owns 99,373 shares of the company’s stock valued at $1,117,000 after purchasing an additional 7,189 shares in the last quarter. Uhlmann Price Securities LLC acquired a new stake in Blackrock Income Trust during the 4th quarter valued at approximately $113,000. TrueMark Investments LLC acquired a new stake in Blackrock Income Trust during the 4th quarter valued at approximately $221,000. Finally, Invesco Ltd. grew its stake in Blackrock Income Trust by 18.2% during the 2nd quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock valued at $3,008,000 after purchasing an additional 39,410 shares in the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Stock Performance

Shares of NYSE BKT opened at $10.61 on Wednesday. The business has a 50 day moving average price of $10.73 and a two-hundred day moving average price of $10.96. Blackrock Income Trust has a fifty-two week low of $10.42 and a fifty-two week high of $11.86.

Blackrock Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0882 per share. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Monday, June 15th.

Blackrock Income Trust Company Profile

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.