LPL Financial LLC Sells 375,522 Shares of BlackRock Income Trust, Inc. (NYSE:BKT)

LPL Financial LLC lessened its holdings in shares of BlackRock Income Trust, Inc. (NYSE:BKT – Get Rating) by 67.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,990 shares of the company’s stock after selling 375,522 shares during the quarter. LPL Financial LLC’s holdings in BlackRock Income Trust were worth $2,196,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Accurate Wealth Management LLC bought a new position in shares of BlackRock Income Trust in the fourth quarter valued at approximately $25,000. Virtu Financial LLC bought a new position in shares of BlackRock Income Trust in the third quarter valued at approximately $45,000. Cypress Capital Group bought a new position in shares of BlackRock Income Trust in the third quarter valued at approximately $63,000. Centaurus Financial Inc. bought a new position in shares of BlackRock Income Trust in the first quarter valued at approximately $68,000. Finally, Nomura Holdings Inc. bought a new position in shares of BlackRock Income Trust in the second quarter valued at approximately $84,000.

BlackRock Income Trust Stock Down 0.0 %

Shares of BKT stock opened at $12.36 on Monday. BlackRock Income Trust, Inc. has a 1 year low of $11.60 and a 1 year high of $14.46. The firm’s fifty day simple moving average is $12.59 and its 200 day simple moving average is $12.65.

BlackRock Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th will be paid a $0.0882 dividend. The ex-dividend date is Friday, May 12th. This represents a $1.06 annualized dividend and a dividend yield of 8.56%.

BlackRock Income Trust Company Profile

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BlackRock Income Trust, Inc is a closed-end investment fund. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 31, 1988 and is headquartered in Wilmington, DE.