Blackrock Income Trust $BKT Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its holdings in shares of Blackrock Income Trust (NYSE:BKT) by 89.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,818 shares of the company’s stock after selling 88,555 shares during the period. Fiera Capital Corp’s holdings in Blackrock Income Trust were worth $119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BKT. Comerica Bank lifted its holdings in Blackrock Income Trust by 43.0% in the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after buying an additional 3,166 shares in the last quarter. Uhlmann Price Securities LLC acquired a new position in Blackrock Income Trust in the 4th quarter worth $113,000. TrueMark Investments LLC acquired a new position in Blackrock Income Trust in the 4th quarter worth $221,000. Invesco Ltd. lifted its holdings in Blackrock Income Trust by 18.2% in the 2nd quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock worth $3,008,000 after buying an additional 39,410 shares in the last quarter. Finally, Ramiah Investment Group acquired a new position in Blackrock Income Trust in the 4th quarter worth $457,000. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Trading Up 0.1%

Shares of BKT stock opened at $10.46 on Thursday. Blackrock Income Trust has a 12 month low of $10.21 and a 12 month high of $11.86. The company’s fifty day moving average price is $10.59 and its two-hundred day moving average price is $10.86.

Blackrock Income Trust Announces Dividend

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

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.