International Assets Investment Management LLC Acquires Shares of 105,479 BlackRock Income Trust, Inc. (NYSE:BKT)

International Assets Investment Management LLC bought a new stake in BlackRock Income Trust, Inc. (NYSE:BKT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 105,479 shares of the company's stock, valued at approximately $12,850,000. International Assets Investment Management LLC owned about 0.49% of BlackRock Income Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Melfa Wealth Management LLC grew its stake in shares of BlackRock Income Trust by 1.5% in the 4th quarter. Melfa Wealth Management LLC now owns 353,093 shares of the company's stock valued at $4,301,000 after purchasing an additional 5,293 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of BlackRock Income Trust in the 4th quarter valued at approximately $208,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of BlackRock Income Trust by 24.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 476,555 shares of the company's stock valued at $5,804,000 after purchasing an additional 92,234 shares during the last quarter. Raymond James & Associates grew its stake in shares of BlackRock Income Trust by 7.4% in the 4th quarter. Raymond James & Associates now owns 197,521 shares of the company's stock valued at $2,406,000 after purchasing an additional 13,563 shares during the last quarter. Finally, Raymond James Trust N.A. grew its stake in shares of BlackRock Income Trust by 3.1% in the 4th quarter. Raymond James Trust N.A. now owns 42,911 shares of the company's stock valued at $523,000 after purchasing an additional 1,300 shares during the last quarter. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Income Trust Stock Down 0.2 %

Shares of BKT traded down $0.02 during mid-day trading on Friday, hitting $11.28. The company's stock had a trading volume of 59,866 shares, compared to its average volume of 74,668. The firm has a 50-day simple moving average of $11.84 and a 200 day simple moving average of $11.71. BlackRock Income Trust, Inc. has a 1-year low of $10.55 and a 1-year high of $12.74.

BlackRock Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a $0.0882 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.06 annualized dividend and a dividend yield of 9.38%.

BlackRock Income Trust Company Profile

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.