Blackrock Income Trust (NYSE:BKT) Announces $0.09 Monthly Dividend

Blackrock Income Trust (NYSE:BKT) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0882 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Wednesday, July 15th.

Blackrock Income Trust Stock Performance

Shares of NYSE:BKT opened at $10.60 on Monday. The stock’s 50-day moving average is $10.53 and its 200 day moving average is $10.79. Blackrock Income Trust has a 1 year low of $10.21 and a 1 year high of $11.86.

Hedge Funds Weigh In On Blackrock Income Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rivernorth Capital Management LLC purchased a new stake in Blackrock Income Trust in the fourth quarter worth $9,462,000. Sit Investment Associates Inc. raised its holdings in Blackrock Income Trust by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock worth $55,754,000 after purchasing an additional 435,016 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Blackrock Income Trust in the 3rd quarter worth about $2,957,000. Rock Point Advisors LLC boosted its stake in shares of Blackrock Income Trust by 171.3% during the 4th quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock valued at $2,760,000 after purchasing an additional 157,850 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Blackrock Income Trust by 231.6% during the 1st quarter. First Trust Advisors LP now owns 181,020 shares of the company’s stock valued at $1,913,000 after purchasing an additional 126,426 shares in the last quarter. 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.