Raymond James Financial Services Advisors Inc. Cuts Position in BlackRock Income Trust, Inc. (NYSE:BKT)

Raymond James Financial Services Advisors Inc. cut its stake in BlackRock Income Trust, Inc. (NYSE:BKT – Get Rating) by 69.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 263,815 shares of the company’s stock after selling 596,510 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Income Trust were worth $3,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BKT. Rivernorth Capital Management LLC acquired a new stake in shares of BlackRock Income Trust in the 1st quarter worth $3,445,000. Bank of America Corp DE lifted its position in BlackRock Income Trust by 556.3% during the 1st quarter. Bank of America Corp DE now owns 739,954 shares of the company’s stock worth $3,796,000 after acquiring an additional 627,209 shares during the period. Vectors Research Management LLC acquired a new stake in BlackRock Income Trust during the 4th quarter worth about $3,914,000. Melfa Wealth Management LLC acquired a new stake in BlackRock Income Trust during the 4th quarter worth about $2,793,000. Finally, Invesco Ltd. lifted its position in BlackRock Income Trust by 29.0% during the 1st quarter. Invesco Ltd. now owns 745,822 shares of the company’s stock worth $3,826,000 after acquiring an additional 167,653 shares during the period.

BlackRock Income Trust Stock Down 0.0 %

Shares of BKT opened at $12.36 on Monday. The stock has a 50-day moving average of $12.59 and a two-hundred day moving average of $12.65. BlackRock Income Trust, Inc. has a one year low of $11.60 and a one year high of $14.46.

BlackRock Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be given a dividend of $0.0882 per share. The ex-dividend date is Friday, May 12th. This represents a $1.06 dividend on an annualized basis and a 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.