Raymond James & Associates Buys 111,364 Shares of BlackRock Income Trust, Inc. (NYSE:BKT)

Raymond James & Associates raised its stake in BlackRock Income Trust, Inc. (NYSE:BKT) by 39.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 395,569 shares of the company’s stock after purchasing an additional 111,364 shares during the period. Raymond James & Associates owned 1.86% of BlackRock Income Trust worth $4,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arkadios Wealth Advisors increased its stake in BlackRock Income Trust by 10.4% in the first quarter. Arkadios Wealth Advisors now owns 42,141 shares of the company’s stock valued at $501,000 after purchasing an additional 3,978 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of BlackRock Income Trust by 1.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 484,820 shares of the company’s stock worth $5,769,000 after acquiring an additional 8,265 shares in the last quarter. WMG Financial Advisors LLC bought a new stake in shares of BlackRock Income Trust during the fourth quarter worth about $179,000. Accuvest Global Advisors bought a new stake in shares of BlackRock Income Trust during the fourth quarter worth about $330,000. Finally, International Assets Investment Management LLC bought a new stake in shares of BlackRock Income Trust during the fourth quarter worth about $12,850,000. 39.43% of the stock is owned by institutional investors.

BlackRock Income Trust Price Performance

NYSE:BKT opened at $12.45 on Friday. The firm has a 50-day moving average of $12.12 and a 200-day moving average of $11.83. BlackRock Income Trust, Inc. has a one year low of $10.55 and a one year high of $12.64.

BlackRock Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a dividend yield of 8.50%. The ex-dividend date of this dividend is Thursday, August 15th.

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.