Advisory Solutions Group LLC Makes New Investment in Blackrock Income Trust $BKT

Key Points

• Advisory Solutions Group LLC acquired 236,069 shares of BlackRock Income Trust, valued at approximately $6.55 million. The position represents about 2.2% of the fund’s holdings and 0.73% of BKT’s outstanding shares.
• Other institutional investors also increased or initiated positions, while institutional ownership totals approximately 39.43% of BlackRock Income Trust.
• BKT shares opened at $10.22, down 0.6%, and remain near their one-year low of $10.16. The closed-end fund seeks current income through diversified fixed-income investments, including corporate bonds, government debt, and mortgage-backed securities.

Advisory Solutions Group LLC purchased a new position in shares of Blackrock Income Trust (NYSE:BKT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 236,069 shares of the company's stock, valued at approximately $6,549,000. Blackrock Income Trust comprises approximately 2.2% of Advisory Solutions Group LLC's holdings, making the stock its 9th biggest holding. Advisory Solutions Group LLC owned about 0.73% of Blackrock Income Trust as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Sankala Group LLC acquired a new stake in shares of Blackrock Income Trust during the 4th quarter worth approximately $46,000. Orion Capital Management LLC bought a new stake in shares of Blackrock Income Trust in the 2nd quarter valued at approximately $85,000. Comerica Bank raised its holdings in shares of Blackrock Income Trust by 43.0% in the 3rd quarter. Comerica Bank now owns 10,533 shares of the company's stock worth $118,000 after buying an additional 3,166 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Blackrock Income Trust in the 1st quarter worth approximately $120,000. Finally, Commonwealth Equity Services LLC bought a new position in shares of Blackrock Income Trust during the 4th quarter worth approximately $134,000. 39.43% of the stock is owned by institutional investors.

Blackrock Income Trust Stock Down 0.6%

Shares of BKT stock opened at $10.22 on Friday. The stock's fifty day simple moving average is $10.43 and its 200 day simple moving average is $10.59. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86.

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.

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 (NYSE:BKT - Free Report).

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