Arkadios Wealth Advisors Acquires 1,780 Shares of BlackRock Income Trust, Inc. (NYSE:BKT)

Arkadios Wealth Advisors raised its holdings in BlackRock Income Trust, Inc. (NYSE:BKT) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,779 shares of the company’s stock after buying an additional 1,780 shares during the period. Arkadios Wealth Advisors’ holdings in BlackRock Income Trust were worth $544,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKT. Raymond James & Associates increased its position in shares of BlackRock Income Trust by 39.2% in the second quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock valued at $4,719,000 after acquiring an additional 111,364 shares during the last quarter. DT Investment Partners LLC acquired a new position in shares of BlackRock Income Trust during the 2nd quarter worth approximately $103,000. WMG Financial Advisors LLC increased its position 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 purchasing an additional 9,779 shares during the last quarter. Canal Capital Management LLC bought a new stake in shares of BlackRock Income Trust during the 2nd quarter worth approximately $231,000. Finally, Choreo LLC acquired a new stake in shares of BlackRock Income Trust in the 2nd quarter valued at approximately $233,000. 39.43% of the stock is owned by institutional investors.

BlackRock Income Trust Price Performance

NYSE:BKT opened at $11.85 on Wednesday. BlackRock Income Trust, Inc. has a 1-year low of $10.55 and a 1-year high of $12.67. The firm has a fifty day simple moving average of $12.36 and a 200 day simple moving average of $11.99.

BlackRock Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.0882 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.93%.

BlackRock Income Trust Company 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.