Invesco Ltd. grew its stake in BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,649 shares of the company's stock after buying an additional 34,937 shares during the quarter. Invesco Ltd. owned approximately 1.00% of BlackRock Income Trust worth $2,450,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in BKT. Raymond James Financial Inc. bought a new stake in BlackRock Income Trust during the fourth quarter valued at about $12,815,000. LPL Financial LLC raised its stake 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. Fortitude Advisory Group L.L.C. lifted its holdings in BlackRock Income Trust by 7.1% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company's stock worth $282,000 after purchasing an additional 1,617 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in BlackRock Income Trust by 5.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 17,497 shares of the company's stock worth $202,000 after purchasing an additional 978 shares during the period. Finally, World Investment Advisors purchased a new stake in BlackRock Income Trust during the 4th quarter valued at approximately $170,000. Institutional investors own 39.43% of the company's stock.
BlackRock Income Trust Price Performance
Shares of BKT stock traded down $0.04 during mid-day trading on Friday, hitting $11.67. The company had a trading volume of 36,646 shares, compared to its average volume of 66,084. The stock's 50 day moving average price is $11.63 and its 200-day moving average price is $11.70. BlackRock Income Trust, Inc. has a 52-week low of $11.22 and a 52-week high of $12.67.
BlackRock Income Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0882 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.07%.
About BlackRock Income Trust
(
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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