BlackRock Income Trust, Inc. (NYSE:BKT) Holdings Boosted by Melfa Wealth Management Inc.

Melfa Wealth Management Inc. increased its stake in shares of BlackRock Income Trust, Inc. (NYSE:BKT) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,393 shares of the company’s stock after buying an additional 4,896 shares during the quarter. BlackRock Income Trust comprises about 3.1% of Melfa Wealth Management Inc.’s holdings, making the stock its 4th largest position. Melfa Wealth Management Inc. owned approximately 1.76% of BlackRock Income Trust worth $4,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC acquired a new stake in shares of BlackRock Income Trust during the second quarter worth $233,000. Canal Capital Management LLC purchased a new position in shares of BlackRock Income Trust in the 2nd quarter valued at about $231,000. WMG Financial Advisors LLC grew its position in BlackRock Income Trust by 66.5% during the second quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock worth $292,000 after buying an additional 9,779 shares during the period. DT Investment Partners LLC purchased a new stake in BlackRock Income Trust during the second quarter worth $103,000. Finally, Raymond James & Associates grew its holdings in BlackRock Income Trust by 39.2% in the second quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock valued at $4,719,000 after purchasing an additional 111,364 shares during the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

BlackRock Income Trust Stock Performance

BKT traded down $0.03 during midday trading on Thursday, reaching $12.25. 24,337 shares of the company’s stock were exchanged, compared to its average volume of 62,133. The business’s 50-day moving average price is $12.42 and its 200 day moving average price is $11.97. BlackRock Income Trust, Inc. has a 1-year low of $10.55 and a 1-year high of $12.67.

BlackRock Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.0882 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date is Tuesday, October 15th.

About BlackRock Income Trust

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.