Guggenheim Capital LLC increased its stake in shares of BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 32.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 789,229 shares of the company's stock after purchasing an additional 194,603 shares during the quarter. Guggenheim Capital LLC owned 3.70% of BlackRock Income Trust worth $9,092,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BKT. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Income Trust in the fourth quarter valued at $12,815,000. Invesco Ltd. lifted its stake in BlackRock Income Trust by 19.7% in the fourth quarter. Invesco Ltd. now owns 212,649 shares of the company's stock worth $2,450,000 after acquiring an additional 34,937 shares during the period. World Investment Advisors bought a new position in BlackRock Income Trust during the 4th quarter worth about $170,000. LPL Financial LLC increased its position in BlackRock Income Trust by 8.6% during the 4th quarter. LPL Financial LLC now owns 162,696 shares of the company's stock valued at $1,874,000 after purchasing an additional 12,848 shares during the period. Finally, BDF Gestion bought a new stake in shares of BlackRock Income Trust in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 39.43% of the company's stock.
BlackRock Income Trust Price Performance
Shares of NYSE BKT traded up $0.08 during midday trading on Tuesday, reaching $11.36. 12,873 shares of the company's stock traded hands, compared to its average volume of 65,611. The stock's 50 day simple moving average is $11.65 and its 200-day simple moving average is $11.75. BlackRock Income Trust, Inc. has a one year low of $11.06 and a one year high of $12.67.
BlackRock Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.0882 dividend. This represents a $1.06 annualized dividend and a dividend yield of 9.32%. The ex-dividend date is Tuesday, April 15th.
BlackRock Income Trust Company Profile
(
Free Report)
BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.
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