Icon Advisers Inc. Co. decreased its holdings in shares of BlackRock Income Trust (NYSE:BKT) by 63.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 599,095 shares of the company’s stock after selling 1,020,108 shares during the quarter. Icon Advisers Inc. Co.’s holdings in BlackRock Income Trust were worth $3,625,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of BlackRock Income Trust by 8.8% in the second quarter. Envestnet Asset Management Inc. now owns 47,239 shares of the company’s stock worth $286,000 after acquiring an additional 3,808 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of BlackRock Income Trust during the second quarter valued at approximately $70,000. Steward Partners Investment Advisory LLC bought a new stake in shares of BlackRock Income Trust during the second quarter valued at approximately $33,000. FNY Investment Advisers LLC increased its holdings in shares of BlackRock Income Trust by 54.2% during the second quarter. FNY Investment Advisers LLC now owns 36,710 shares of the company’s stock valued at $222,000 after acquiring an additional 12,900 shares in the last quarter. Finally, HNP Capital LLC grew its stake in BlackRock Income Trust by 3.6% in the 2nd quarter. HNP Capital LLC now owns 108,421 shares of the company’s stock valued at $656,000 after purchasing an additional 3,734 shares during the period. 52.41% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:BKT traded down $0.01 during trading on Friday, reaching $6.11. The company’s stock had a trading volume of 181,500 shares, compared to its average volume of 118,899. The firm has a 50 day moving average of $6.05 and a 200-day moving average of $5.96. BlackRock Income Trust has a 12 month low of $5.55 and a 12 month high of $6.16.
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.
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