BlackRock Income Trust, Inc. (NYSE:BKT) Shares Purchased by Raymond James & Associates

Raymond James & Associates lifted its holdings in BlackRock Income Trust, Inc. (NYSE:BKT) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 197,521 shares of the company’s stock after buying an additional 13,563 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Income Trust were worth $2,406,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BKT. IFP Advisors Inc acquired a new position in shares of BlackRock Income Trust in the third quarter valued at approximately $25,000. Tower Research Capital LLC TRC acquired a new position in BlackRock Income Trust during the 1st quarter worth approximately $37,000. Comerica Bank acquired a new position in BlackRock Income Trust during the 3rd quarter worth approximately $66,000. Centaurus Financial Inc. acquired a new position in BlackRock Income Trust during the 1st quarter worth approximately $68,000. Finally, Nomura Holdings Inc. acquired a new position in BlackRock Income Trust during the 2nd quarter worth approximately $84,000. Institutional investors and hedge funds own 39.43% of the company’s stock.

BlackRock Income Trust Trading Down 0.7 %

NYSE BKT opened at $11.20 on Tuesday. BlackRock Income Trust, Inc. has a 52 week low of $10.55 and a 52 week high of $12.74. The firm has a 50 day moving average of $11.82 and a two-hundred day moving average of $11.71.

BlackRock Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Income Trust Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.