Sheaff Brock Investment Advisors LLC continued to hold its stake in Blackrock Municipal Income Trust (NYSE:BFK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,156 shares of the investment management company’s stock at the end of the second quarter. Sheaff Brock Investment Advisors LLC’s holdings in Blackrock Municipal Income Trust were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fiduciary Financial Services of The Southwest Inc. TX grew its position in shares of Blackrock Municipal Income Trust by 6.4% in the 2nd quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 73,713 shares of the investment management company’s stock valued at $1,042,000 after acquiring an additional 4,403 shares during the period. Strid Group LLC bought a new position in shares of Blackrock Municipal Income Trust in the 2nd quarter valued at about $375,000. Finally, First Trust Advisors LP grew its position in shares of Blackrock Municipal Income Trust by 45.7% in the 2nd quarter. First Trust Advisors LP now owns 42,636 shares of the investment management company’s stock valued at $603,000 after acquiring an additional 13,364 shares during the period.

Blackrock Municipal Income Trust (BFK) opened at 14.68 on Friday. Blackrock Municipal Income Trust has a 12 month low of $13.42 and a 12 month high of $15.88. The stock has a 50 day moving average of $14.46 and a 200-day moving average of $14.19.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.78 annualized dividend and a yield of 5.31%.

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About Blackrock Municipal Income Trust

BlackRock Municipal Income Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes.

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Institutional Ownership by Quarter for Blackrock Municipal Income Trust (NYSE:BFK)

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