Foundations Investment Advisors LLC reduced its holdings in BlackRock Income Trust, Inc. (NYSE:BKT – Get Rating ) by 52.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,547 shares of the company’s stock after selling 150,192 shares during the period. Foundations Investment Advisors LLC owned 0.65% of BlackRock Income Trust worth $1,710,000 at the end of the most recent reporting period.
→ Bank accounts: Frozen! (From Weiss Ratings)
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in shares of BlackRock Income Trust by 2.3% in the third quarter. Janney Montgomery Scott LLC now owns 44,915 shares of the company’s stock valued at $186,000 after purchasing an additional 992 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of BlackRock Income Trust by 0.7% in the first quarter. Guggenheim Capital LLC now owns 315,093 shares of the company’s stock valued at $1,616,000 after buying an additional 2,219 shares during the period. NewEdge Advisors LLC boosted its stake in shares of BlackRock Income Trust by 11.8% in the second quarter. NewEdge Advisors LLC now owns 43,600 shares of the company’s stock valued at $198,000 after buying an additional 4,599 shares during the period. UBS Group AG boosted its stake in shares of BlackRock Income Trust by 0.6% in the first quarter. UBS Group AG now owns 971,429 shares of the company’s stock valued at $4,984,000 after buying an additional 5,986 shares during the period. Finally, Riverbridge Partners LLC boosted its stake in shares of BlackRock Income Trust by 5.2% in the third quarter. Riverbridge Partners LLC now owns 140,430 shares of the company’s stock valued at $581,000 after buying an additional 6,883 shares during the period.
Shares of BlackRock Income Trust rose 0.2%
Shares of BKT stock opened at $12.79 on Friday. BlackRock Income Trust, Inc. has a one year low of $11.60 and a one year high of $15.45. The company has a 50-day moving average of $12.84 and a 200-day moving average of $12.64.
BlackRock Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a $0.0882 dividend. This represents a $1.06 annual dividend and a dividend yield of 8.28%. The ex-dividend date of this dividend is Tuesday, March 14th.
BlackRock Income Trust Company Profile
BlackRock Income Trust, Inc is a closed-end investment fund. Its investment objective is to provide full returns through a combination of current income and capital appreciation. The company was founded on July 31, 1988 and is headquartered in Wilmington, Delaware.
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