Sit Investment Associates Inc. Has $55.75 Million Holdings in Blackrock Income Trust $BKT

Sit Investment Associates Inc. grew its holdings in Blackrock Income Trust (NYSE:BKT) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,050,211 shares of the company’s stock after purchasing an additional 435,016 shares during the period. Blackrock Income Trust comprises 1.1% of Sit Investment Associates Inc.’s portfolio, making the stock its 19th largest holding. Sit Investment Associates Inc.’s holdings in Blackrock Income Trust were worth $55,754,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Comerica Bank increased its holdings in Blackrock Income Trust by 43.0% in the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after buying an additional 3,166 shares during the last quarter. Fiera Capital Corp increased its holdings in Blackrock Income Trust by 7.8% in the third quarter. Fiera Capital Corp now owns 99,373 shares of the company’s stock worth $1,117,000 after buying an additional 7,189 shares during the last quarter. Uhlmann Price Securities LLC acquired a new position in Blackrock Income Trust in the fourth quarter worth approximately $113,000. TrueMark Investments LLC acquired a new position in Blackrock Income Trust in the fourth quarter worth approximately $221,000. Finally, Invesco Ltd. increased its holdings in Blackrock Income Trust by 18.2% in the second quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock worth $3,008,000 after buying an additional 39,410 shares during the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Stock Performance

NYSE:BKT opened at $10.50 on Friday. The stock’s 50 day moving average price is $10.58 and its 200 day moving average price is $10.86. Blackrock Income Trust has a 52 week low of $10.21 and a 52 week high of $11.86.

Blackrock Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0882 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

About Blackrock Income Trust

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.