Blackrock Income Trust (NYSE:BKT – Get Free Report) announced a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be paid a dividend of 0.0882 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, May 15th.
Blackrock Income Trust Stock Down 0.1%
Shares of BKT stock opened at $10.61 on Wednesday. Blackrock Income Trust has a 1-year low of $10.42 and a 1-year high of $11.86. The stock’s 50-day moving average is $10.73 and its 200 day moving average is $10.96.
Institutional Investors Weigh In On Blackrock Income Trust
A number of institutional investors have recently added to or reduced their stakes in BKT. Rivernorth Capital Management LLC bought a new stake in Blackrock Income Trust during the fourth quarter valued at about $9,462,000. Sit Investment Associates Inc. boosted its holdings in Blackrock Income Trust by 9.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock worth $55,754,000 after acquiring an additional 435,016 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Blackrock Income Trust in the third quarter worth about $2,957,000. Rock Point Advisors LLC boosted its holdings in Blackrock Income Trust by 171.3% in the fourth quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock worth $2,760,000 after acquiring an additional 157,850 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Blackrock Income Trust in the fourth quarter worth about $1,384,000. Institutional investors own 39.43% of the company’s stock.
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.
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