Endeavor Private Wealth Inc. Invests $2.75 Million in Blackrock Income Trust $BKT

Key Points

• Endeavor Private Wealth acquired 98,073 shares of BlackRock Income Trust in the second quarter, valued at approximately $2.75 million and representing about 0.30% of the trust.
• Other institutional investors, including Invesco, Raymond James Financial, Comerica Bank, Nomura Holdings and Rock Point Advisors, also increased or initiated positions. Institutional investors collectively own 39.43% of BKT.
• BKT opened at $10.22, near its 12-month 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.

Endeavor Private Wealth Inc. purchased a new position in Blackrock Income Trust (NYSE:BKT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 98,073 shares of the company's stock, valued at approximately $2,751,000. Endeavor Private Wealth Inc. owned approximately 0.30% of Blackrock Income Trust as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in Blackrock Income Trust by 18.2% during the 2nd quarter. Invesco Ltd. now owns 256,017 shares of the company's stock worth $3,008,000 after buying an additional 39,410 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Blackrock Income Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company's stock valued at $14,516,000 after acquiring an additional 77,724 shares during the last quarter. Comerica Bank increased 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 valued at $118,000 after acquiring an additional 3,166 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Blackrock Income Trust during the 3rd quarter valued at approximately $2,957,000. Finally, Rock Point Advisors LLC lifted its stake in Blackrock Income Trust by 171.3% during the fourth quarter. Rock Point Advisors LLC now owns 250,023 shares of the company's stock worth $2,760,000 after purchasing an additional 157,850 shares during the last quarter. Institutional investors and hedge funds own 39.43% of the company's stock.

Blackrock Income Trust Stock Down 0.6%

Blackrock Income Trust stock opened at $10.22 on Friday. Blackrock Income Trust has a 12 month low of $10.16 and a 12 month high of $11.86. The company has a fifty day moving average price of $10.43 and a two-hundred day moving average price of $10.59.

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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