First Trust Advisors LP Has $1.91 Million Stock Position in Blackrock Income Trust $BKT

Key Points

• First Trust Advisors LP increased its BKT stake by 231.6% in the first quarter, owning 181,020 shares valued at approximately $1.91 million. Institutional investors and hedge funds collectively hold 39.43% of the trust.
• Blackrock Income Trust shares opened at $10.52, near their 50-day average of $10.47 and below their 200-day average of $10.69; the stock has traded between $10.16 and $11.86 over the past year.
• The trust declared a monthly dividend of $0.0882 per share, payable September 30 to shareholders of record September 15, representing an annualized yield of about 10.1%.

First Trust Advisors LP increased its position in shares of Blackrock Income Trust (NYSE:BKT - Free Report) by 231.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,020 shares of the company's stock after acquiring an additional 126,426 shares during the quarter. First Trust Advisors LP owned about 0.56% of Blackrock Income Trust worth $1,913,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BKT. Comerica Bank increased its position in Blackrock Income Trust by 43.0% in the third quarter. Comerica Bank now owns 10,533 shares of the company's stock worth $118,000 after purchasing an additional 3,166 shares during the period. Riverbridge Partners LLC lifted its position in Blackrock Income Trust by 3.8% during the 1st 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 period. Sankala Group LLC bought a new position in shares of Blackrock Income Trust in the 4th quarter valued at about $46,000. Private Advisor Group LLC boosted its stake in shares of Blackrock Income Trust by 6.0% in the 1st quarter. Private Advisor Group LLC now owns 110,547 shares of the company's stock valued at $1,168,000 after purchasing an additional 6,262 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Blackrock Income Trust by 12.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 67,460 shares of the company's stock worth $745,000 after buying an additional 7,581 shares during the period. Institutional investors and hedge funds own 39.43% of the company's stock.

Blackrock Income Trust Trading Up 0.6%

Shares of NYSE:BKT opened at $10.52 on Friday. The company has a 50 day moving average of $10.47 and a 200-day moving average of $10.69. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86.

Blackrock Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0882 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

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.

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