BlackRock Income Trust, Inc. (NYSE:BKT) Position Cut by Courier Capital LLC

Courier Capital LLC reduced its holdings in BlackRock Income Trust, Inc. (NYSE:BKT) by 45.7% during the 4th quarter, Holdings Channel reports. The fund owned 53,636 shares of the company’s stock after selling 45,182 shares during the quarter. Courier Capital LLC’s holdings in BlackRock Income Trust were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Arkadios Wealth Advisors increased its stake in shares of BlackRock Income Trust by 4.2% during the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock valued at $544,000 after acquiring an additional 1,780 shares during the period. Canal Capital Management LLC boosted its stake in BlackRock Income Trust by 13.6% during the 3rd quarter. Canal Capital Management LLC now owns 21,964 shares of the company’s stock valued at $273,000 after purchasing an additional 2,632 shares in the last quarter. Melfa Wealth Management Inc. boosted its stake in BlackRock Income Trust by 1.3% during the 3rd quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock valued at $4,654,000 after purchasing an additional 4,896 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock valued at $826,000 after purchasing an additional 17,000 shares during the period. Finally, Raymond James & Associates raised its stake in shares of BlackRock Income Trust by 4.8% in the 3rd quarter. Raymond James & Associates now owns 414,630 shares of the company’s stock worth $5,154,000 after buying an additional 19,061 shares in the last quarter. Institutional investors own 39.43% of the company’s stock.

BlackRock Income Trust Stock Down 0.3 %

Shares of BKT stock opened at $11.35 on Tuesday. The stock has a 50-day simple moving average of $11.75 and a 200 day simple moving average of $12.06. BlackRock Income Trust, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $12.67.

BlackRock Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0882 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.06 annualized dividend and a dividend yield of 9.33%.

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.