Concurrent Investment Advisors LLC Makes New Investment in Blackrock Income Trust $BKT

Key Points

• Concurrent Investment Advisors LLC initiated a 174,490-share position in BlackRock Income Trust, valued at approximately $4.9 million and representing about 0.54% of the fund.
• Other institutional investors also adjusted their holdings, while hedge funds and institutions collectively own 39.43% of BKT.
• BKT opened at $10.22, near its one-year low of $10.16 and below its 50-day and 200-day moving averages. The closed-end fund seeks current income through diversified fixed-income investments.

Concurrent Investment Advisors LLC bought a new stake in Blackrock Income Trust (NYSE:BKT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 174,490 shares of the company's stock, valued at approximately $4,894,000. Concurrent Investment Advisors LLC owned about 0.54% of Blackrock Income Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Arkadios Wealth Advisors grew its stake in Blackrock Income Trust by 4.4% during the 1st quarter. Arkadios Wealth Advisors now owns 43,420 shares of the company's stock valued at $459,000 after acquiring an additional 1,830 shares in the last quarter. Orion Capital Management LLC purchased a new stake in shares of Blackrock Income Trust in the second quarter valued at approximately $85,000. Comerica Bank grew its position in shares of Blackrock Income Trust by 43.0% in the third 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. Riverbridge Partners LLC increased its holdings in shares of Blackrock Income Trust by 3.8% in the first quarter. Riverbridge Partners LLC now owns 108,500 shares of the company's stock valued at $1,147,000 after purchasing an additional 3,938 shares during the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of Blackrock Income Trust in the fourth quarter valued at approximately $46,000. 39.43% of the stock is owned by hedge funds and other institutional investors.

Blackrock Income Trust Trading Down 0.0%

Shares of Blackrock Income Trust stock opened at $10.22 on Monday. The business's 50 day moving average price is $10.43 and its 200 day moving average price is $10.59. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86.

About Blackrock Income Trust

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.

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