Sit Investment Associates Inc. Has $22.45 Million Stock Holdings in BlackRock Income Trust, Inc. (NYSE:BKT)

Sit Investment Associates Inc. trimmed its holdings in shares of BlackRock Income Trust, Inc. (NYSE:BKT) by 10.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,948,403 shares of the company’s stock after selling 235,520 shares during the period. Sit Investment Associates Inc. owned approximately 0.09% of BlackRock Income Trust worth $22,446,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BKT. Raymond James Financial Inc. purchased a new position in BlackRock Income Trust during the 4th quarter valued at about $12,815,000. World Investment Advisors purchased a new position in BlackRock Income Trust during the fourth quarter valued at approximately $170,000. LPL Financial LLC grew its position in BlackRock Income Trust by 8.6% during the fourth quarter. LPL Financial LLC now owns 162,696 shares of the company’s stock valued at $1,874,000 after purchasing an additional 12,848 shares in the last quarter. BDF Gestion acquired a new position in BlackRock Income Trust in the 4th quarter valued at approximately $67,000. Finally, Concurrent Investment Advisors LLC lifted its position in BlackRock Income Trust by 19.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company’s stock worth $157,000 after buying an additional 2,206 shares in the last quarter. 39.43% of the stock is owned by hedge funds and other institutional investors.

BlackRock Income Trust Stock Performance

BlackRock Income Trust stock opened at $11.69 on Friday. BlackRock Income Trust, Inc. has a 12 month low of $11.06 and a 12 month high of $12.67. The company’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $11.85.

BlackRock Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.0882 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.06 dividend on an annualized basis and a yield of 9.05%.

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.