Melfa Wealth Management Inc. Has $4.02 Million Position in Blackrock Income Trust $BKT

Melfa Wealth Management Inc. reduced its stake in shares of Blackrock Income Trust (NYSE:BKT) by 50.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 363,933 shares of the company’s stock after selling 368,843 shares during the quarter. Blackrock Income Trust comprises about 2.3% of Melfa Wealth Management Inc.’s portfolio, making the stock its 6th biggest position. Melfa Wealth Management Inc.’s holdings in Blackrock Income Trust were worth $4,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Riverbridge Partners LLC bought a new position in Blackrock Income Trust in the 4th quarter worth approximately $1,154,000. Guggenheim Capital LLC boosted its position in Blackrock Income Trust by 11.9% in the 2nd quarter. Guggenheim Capital LLC now owns 1,053,326 shares of the company’s stock valued at $12,377,000 after buying an additional 112,201 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Blackrock Income Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company’s stock valued at $14,516,000 after buying an additional 77,724 shares during the period. Invesco Ltd. increased its stake in shares of Blackrock Income Trust by 18.2% in the 2nd quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock valued at $3,008,000 after buying an additional 39,410 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in shares of Blackrock Income Trust during the third quarter worth $2,957,000. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Stock Up 0.0%

Shares of BKT opened at $10.66 on Friday. Blackrock Income Trust has a 12-month low of $10.42 and a 12-month high of $12.11. The stock’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $11.07.

Blackrock Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0882 per share. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Monday, June 15th.

Blackrock Income Trust 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.