Allspring Global Investments Holdings LLC Sells 230,525 Shares of BlackRock Income Trust, Inc. (NYSE:BKT)

Allspring Global Investments Holdings LLC reduced its stake in BlackRock Income Trust, Inc. (NYSE:BKT) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,456 shares of the company’s stock after selling 230,525 shares during the period. Allspring Global Investments Holdings LLC owned 3.58% of BlackRock Income Trust worth $8,783,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. BDF Gestion purchased a new stake in BlackRock Income Trust in the fourth quarter worth approximately $67,000. Fortitude Advisory Group L.L.C. boosted its holdings in BlackRock Income Trust by 7.1% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company’s stock worth $282,000 after purchasing an additional 1,617 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in BlackRock Income Trust by 34.3% in the third quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock worth $826,000 after purchasing an additional 17,000 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in BlackRock Income Trust by 4.2% in the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock worth $544,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Canal Capital Management LLC boosted its stake in shares of BlackRock Income Trust by 13.6% during the 3rd quarter. Canal Capital Management LLC now owns 21,964 shares of the company’s stock worth $273,000 after acquiring an additional 2,632 shares during the last quarter. 39.43% of the stock is owned by institutional investors.

BlackRock Income Trust Trading Down 0.7 %

Shares of BlackRock Income Trust stock opened at $11.65 on Wednesday. The company’s fifty day simple moving average is $11.61 and its 200-day simple moving average is $12.00. BlackRock Income Trust, Inc. has a 1-year low of $11.06 and a 1-year high of $12.67.

BlackRock Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.0882 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.06 dividend on an annualized basis and a yield of 9.08%.

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.