Legacy Wealth Managment LLC ID Takes Position in Blackrock Income Trust $BKT

Key Points

• Legacy Wealth Managment LLC ID purchased 140,966 shares of BlackRock Income Trust in the second quarter, valued at approximately $3.66 million. The position represents 1.6% of the firm’s portfolio and about 0.44% of BKT’s outstanding shares.
• Several institutional investors increased their holdings, including Invesco, Raymond James Financial, Comerica Bank and Rock Point Advisors; Nomura Holdings also initiated a new position. Institutional investors collectively own 39.43% of the trust.
• BKT opened at $10.27, 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, including corporate, government, mortgage-backed and asset-backed securities.

Legacy Wealth Managment LLC ID purchased a new stake in shares of Blackrock Income Trust (NYSE:BKT - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 140,966 shares of the company's stock, valued at approximately $3,662,000. Blackrock Income Trust makes up 1.6% of Legacy Wealth Managment LLC ID's investment portfolio, making the stock its 14th largest position. Legacy Wealth Managment LLC ID owned approximately 0.44% of Blackrock Income Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Blackrock Income Trust by 18.2% in 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 in the last quarter. Raymond James Financial Inc. grew its stake in shares of Blackrock Income Trust by 6.7% during the second 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 in the last quarter. Comerica Bank increased its position in shares of Blackrock Income Trust by 43.0% during the third quarter. Comerica Bank now owns 10,533 shares of the company's stock worth $118,000 after acquiring an additional 3,166 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Blackrock Income Trust during the third quarter worth about $2,957,000. Finally, Rock Point Advisors LLC lifted its stake in shares of Blackrock Income Trust by 171.3% in the fourth quarter. Rock Point Advisors LLC now owns 250,023 shares of the company's stock worth $2,760,000 after acquiring an additional 157,850 shares in the last quarter. Hedge funds and other institutional investors own 39.43% of the company's stock.

Blackrock Income Trust Price Performance

Shares of BKT opened at $10.27 on Friday. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86. The stock has a 50-day moving average price of $10.44 and a 200 day moving average price of $10.59.

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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