International Assets Investment Management LLC Makes New Investment in BlackRock Income Trust, Inc. (NYSE:BKT)

International Assets Investment Management LLC purchased a new position in BlackRock Income Trust, Inc. (NYSE:BKT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 107,644 shares of the company’s stock, valued at approximately $13,380,000. International Assets Investment Management LLC owned 0.51% of BlackRock Income Trust at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Melfa Wealth Management Inc. raised its holdings in shares of BlackRock Income Trust by 1.3% during the 3rd quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock worth $4,654,000 after acquiring an additional 4,896 shares in the last quarter. DT Investment Partners LLC purchased a new stake in shares of BlackRock Income Trust during the 2nd quarter worth approximately $103,000. WMG Financial Advisors LLC raised its holdings in shares of BlackRock Income Trust by 66.5% during the 2nd quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock worth $292,000 after acquiring an additional 9,779 shares in the last quarter. Raymond James & Associates raised its holdings in shares of BlackRock Income Trust by 4.8% during the 3rd quarter. Raymond James & Associates now owns 414,630 shares of the company’s stock worth $5,154,000 after acquiring an additional 19,061 shares in the last quarter. Finally, Canal Capital Management LLC purchased a new stake in shares of BlackRock Income Trust during the 2nd quarter worth approximately $231,000. 39.43% of the stock is owned by hedge funds and other institutional investors.

BlackRock Income Trust Stock Up 0.6 %

Shares of BKT opened at $11.92 on Thursday. BlackRock Income Trust, Inc. has a 1 year low of $10.55 and a 1 year high of $12.67. The business’s 50 day simple moving average is $12.36 and its 200-day simple moving average is $11.99.

BlackRock Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0882 per share. The ex-dividend date is Tuesday, October 15th. This represents a $1.06 annualized dividend and a yield of 8.88%.

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.