BlackRock Income Trust, Inc. (NYSE:BKT) Stake Lessened by Rock Point Advisors LLC

Rock Point Advisors LLC decreased its position in shares of BlackRock Income Trust, Inc. (NYSE:BKT) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 89,721 shares of the company’s stock after selling 3,399 shares during the quarter. Rock Point Advisors LLC’s holdings in BlackRock Income Trust were worth $1,115,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of BlackRock Income Trust by 39.2% during the 2nd quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock valued at $4,719,000 after purchasing an additional 111,364 shares during the period. DT Investment Partners LLC acquired a new position in BlackRock Income Trust during the second quarter worth about $103,000. WMG Financial Advisors LLC raised its position in BlackRock Income Trust by 66.5% in the second 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. Canal Capital Management LLC bought a new stake in BlackRock Income Trust in the second quarter worth about $231,000. Finally, Choreo LLC bought a new position in shares of BlackRock Income Trust during the 2nd quarter valued at about $233,000. 39.43% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Income Trust Stock Performance

Shares of BKT traded up $0.01 during mid-day trading on Tuesday, hitting $11.82. The company’s stock had a trading volume of 8,712 shares, compared to its average volume of 61,266. The firm has a 50-day moving average price of $12.14 and a 200 day moving average price 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 announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date is Friday, November 15th.

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.