Rock Point Advisors LLC Reduces Holdings in BlackRock Income Trust, Inc. (NYSE:BKT)

Rock Point Advisors LLC reduced its position in BlackRock Income Trust, Inc. (NYSE:BKT) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,721 shares of the company’s stock after selling 3,399 shares during the period. Rock Point Advisors LLC owned approximately 0.42% of BlackRock Income Trust worth $1,115,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. DT Investment Partners LLC purchased a new position in BlackRock Income Trust in the second quarter valued at about $103,000. Canal Capital Management LLC acquired a new stake in shares of BlackRock Income Trust during the second quarter worth approximately $231,000. Choreo LLC bought a new stake in BlackRock Income Trust in the second quarter valued at about $233,000. WMG Financial Advisors LLC raised its stake 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 valued at $292,000 after buying an additional 9,779 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in BlackRock Income Trust by 4.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock worth $544,000 after buying an additional 1,780 shares during the last quarter. 39.43% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Income Trust Price Performance

Shares of BKT traded up $0.01 during mid-day trading on Tuesday, hitting $11.82. The stock had a trading volume of 8,712 shares, compared to its average volume of 61,266. BlackRock Income Trust, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $12.67. The company’s fifty day simple moving average is $12.14 and its two-hundred day simple moving average is $12.06.

BlackRock Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0882 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date is Friday, November 15th.

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.