Blackrock Income Trust $BKT Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lowered its position in Blackrock Income Trust (NYSE:BKT) by 82.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 154,493 shares of the company’s stock after selling 702,554 shares during the period. Rivernorth Capital Management LLC’s holdings in Blackrock Income Trust were worth $1,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. raised its position in Blackrock Income Trust by 9.4% during the 4th quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock worth $55,754,000 after buying an additional 435,016 shares during the last quarter. Guggenheim Capital LLC lifted its stake in Blackrock Income Trust by 3.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,239,012 shares of the company’s stock valued at $13,679,000 after acquiring an additional 39,123 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Blackrock Income Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company’s stock valued at $14,516,000 after acquiring an additional 77,724 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Blackrock Income Trust in the 3rd quarter valued at $2,957,000. Finally, Invesco Ltd. increased its stake in shares of Blackrock Income Trust by 18.2% in the second quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock worth $3,008,000 after acquiring an additional 39,410 shares during the period. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Trading Down 0.1%

NYSE:BKT opened at $10.23 on Thursday. The company’s fifty day moving average price is $10.48 and its 200-day moving average price is $10.73. Blackrock Income Trust has a 1-year low of $10.17 and a 1-year high of $11.86.

Blackrock Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0882 dividend. This represents a c) annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Blackrock Income Trust

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.