Fortitude Advisory Group L.L.C. Boosts Position in BlackRock Income Trust, Inc. (NYSE:BKT)

Fortitude Advisory Group L.L.C. boosted its holdings in BlackRock Income Trust, Inc. (NYSE:BKT) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,457 shares of the company’s stock after purchasing an additional 1,617 shares during the quarter. Fortitude Advisory Group L.L.C. owned about 0.11% of BlackRock Income Trust worth $282,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BKT. Thrivent Financial for Lutherans lifted its position in shares of BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock worth $826,000 after buying an additional 17,000 shares during the last quarter. Arkadios Wealth Advisors lifted its position in BlackRock Income Trust by 4.2% in the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock valued at $544,000 after acquiring an additional 1,780 shares during the last quarter. Canal Capital Management LLC boosted its stake in BlackRock Income Trust by 13.6% in the third quarter. Canal Capital Management LLC now owns 21,964 shares of the company’s stock valued at $273,000 after acquiring an additional 2,632 shares in the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock Income Trust in the third quarter valued at $13,380,000. Finally, Raymond James & Associates increased its position 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 in the last quarter. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Income Trust Price Performance

BlackRock Income Trust stock opened at $11.63 on Tuesday. BlackRock Income Trust, Inc. has a fifty-two week low of $11.06 and a fifty-two week high of $12.67. The stock has a 50-day simple moving average of $11.68 and a 200-day simple moving average of $12.04.

BlackRock Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a $0.0882 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.10%.

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.