WMG Financial Advisors LLC Lowers Stock Holdings in BlackRock Income Trust, Inc. (NYSE:BKT)

WMG Financial Advisors LLC reduced its position in shares of BlackRock Income Trust, Inc. (NYSE:BKT) by 31.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,262 shares of the company’s stock after selling 8,366 shares during the period. WMG Financial Advisors LLC’s holdings in BlackRock Income Trust were worth $210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 valued at $282,000 after purchasing an additional 1,617 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in BlackRock Income Trust by 19.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company’s stock valued at $157,000 after purchasing an additional 2,206 shares during the period. BDF Gestion purchased a new position in BlackRock Income Trust in the fourth quarter valued at $67,000. Finally, 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 valued at $826,000 after purchasing an additional 17,000 shares during the period. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Income Trust Trading Up 0.2 %

NYSE:BKT opened at $11.83 on Tuesday. The stock has a fifty day moving average price of $11.61 and a 200 day moving average price of $11.96. BlackRock Income Trust, Inc. has a 12-month low of $11.06 and a 12-month high of $12.67.

BlackRock Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.0882 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.06 dividend on an annualized basis and a yield of 8.95%.

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.