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

Melfa Wealth Management Inc. reduced its holdings in Blackrock Income Trust (NYSE:BKT) by 50.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 363,933 shares of the company’s stock after selling 368,843 shares during the period. Blackrock Income Trust makes up about 2.3% of Melfa Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. Melfa Wealth Management Inc.’s holdings in Blackrock Income Trust were worth $4,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its holdings in Blackrock Income Trust by 63.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 19,642 shares of the company’s stock worth $231,000 after acquiring an additional 7,660 shares during the period. Invesco Ltd. raised its position in shares of Blackrock Income Trust by 18.2% during the 2nd quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock valued at $3,008,000 after acquiring an additional 39,410 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of 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 purchasing an additional 112,201 shares during the period. M Holdings Securities Inc. acquired a new position in shares of Blackrock Income Trust in the 2nd quarter valued at $213,000. Finally, Raymond James Financial Inc. boosted its position 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 worth $14,516,000 after purchasing an additional 77,724 shares during the last quarter. 39.43% of the stock is owned by institutional investors.

Blackrock Income Trust Stock Up 0.0%

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

Blackrock Income Trust Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

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.