BlackRock Income Trust, Inc. (NYSE:BKT) Shares Purchased by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. boosted its stake in shares of BlackRock Income Trust, Inc. (NYSE:BKT) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,457 shares of the company’s stock after acquiring an additional 1,617 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in BlackRock Income Trust were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BKT. Raymond James & Associates lifted its holdings in shares of BlackRock Income Trust by 4.8% during the third quarter. Raymond James & Associates now owns 414,630 shares of the company’s stock worth $5,154,000 after purchasing an additional 19,061 shares during the period. Melfa Wealth Management Inc. raised its position 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 worth $4,654,000 after buying an additional 4,896 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Income Trust in the 3rd quarter worth $13,380,000. Thrivent Financial for Lutherans increased its stake in shares of BlackRock Income Trust by 34.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock worth $826,000 after acquiring an additional 17,000 shares during the period. Finally, 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 worth $544,000 after acquiring an additional 1,780 shares during the period. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Income Trust Stock Performance

Shares of NYSE:BKT opened at $11.63 on Tuesday. The company has a 50-day moving average price of $11.68 and a 200 day moving average price of $12.04. BlackRock Income Trust, Inc. has a 52 week low of $11.06 and a 52 week high of $12.67.

BlackRock Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders 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 9.10%.

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.