Raymond James Financial Services Advisors Inc. raised its holdings in shares of BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 476,555 shares of the company's stock after purchasing an additional 92,234 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 2.24% of BlackRock Income Trust worth $5,804,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new position in shares of BlackRock Income Trust during the 1st quarter valued at $98,000. HighTower Advisors LLC lifted its holdings in shares of BlackRock Income Trust by 85.4% during the 1st quarter. HighTower Advisors LLC now owns 52,630 shares of the company's stock valued at $270,000 after buying an additional 24,244 shares during the period. Raymond James Trust N.A. bought a new position in shares of BlackRock Income Trust during the 1st quarter valued at $385,000. NewEdge Advisors LLC raised its holdings in BlackRock Income Trust by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 39,001 shares of the company's stock worth $200,000 after purchasing an additional 15,700 shares during the period. Finally, Centaurus Financial Inc. bought a new position in BlackRock Income Trust in the 1st quarter worth $68,000. 39.43% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Income Trust Price Performance
NYSE:BKT traded up $0.05 on Thursday, reaching $11.81. 30,409 shares of the company's stock traded hands, compared to its average volume of 62,836. The stock has a 50-day simple moving average of $11.92 and a 200-day simple moving average of $11.70. BlackRock Income Trust, Inc. has a 12 month low of $10.55 and a 12 month high of $12.92.
BlackRock Income Trust Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0882 per share. The ex-dividend date is Friday, April 12th. This represents a $1.06 dividend on an annualized basis and a yield of 8.97%.
BlackRock Income Trust 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.
Further Reading
Before you consider BlackRock Income Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Income Trust wasn't on the list.
While BlackRock Income Trust currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
