Blackrock Income Trust (NYSE:BKT) Trading Up 0.1% – Here’s Why

Blackrock Income Trust (NYSE:BKT)’s stock price rose 0.1% on Friday . The company traded as high as $11.19 and last traded at $11.1450. Approximately 207,656 shares changed hands during trading, an increase of 8% from the average daily volume of 191,568 shares. The stock had previously closed at $11.13.

Blackrock Income Trust Stock Up 0.1%

The stock’s fifty day simple moving average is $11.42 and its two-hundred day simple moving average is $11.54.

Blackrock Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 15th were issued a $0.0882 dividend. The ex-dividend date was Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 9.5%.

Hedge Funds Weigh In On Blackrock Income Trust

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted 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 purchasing an additional 77,724 shares in the last quarter. M Holdings Securities Inc. purchased a new position in Blackrock Income Trust in the second quarter valued at approximately $213,000. Guggenheim Capital LLC lifted its position in Blackrock Income Trust by 11.9% during the second 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 in the last quarter. Invesco Ltd. lifted its position in Blackrock Income Trust by 18.2% during the second 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Blackrock Income Trust by 63.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 19,642 shares of the company’s stock worth $231,000 after buying an additional 7,660 shares during the period. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

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.