Legacy Wealth Managment LLC ID acquired a new position in shares of Blackrock Income Trust (NYSE:BKT – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 161,892 shares of the company’s stock, valued at approximately $4,491,000. Blackrock Income Trust accounts for about 2.0% of Legacy Wealth Managment LLC ID’s holdings, making the stock its 12th biggest holding. Legacy Wealth Managment LLC ID owned 0.50% of Blackrock Income Trust as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Sankala Group LLC bought a new position in Blackrock Income Trust during the fourth quarter valued at $46,000. Orion Capital Management LLC bought a new stake in shares of Blackrock Income Trust in the 2nd quarter worth about $85,000. Comerica Bank boosted its stake in shares of Blackrock Income Trust by 43.0% during the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after purchasing an additional 3,166 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Blackrock Income Trust during the 1st quarter worth about $120,000. Finally, Commonwealth Equity Services LLC bought a new position in Blackrock Income Trust during the 4th quarter valued at about $134,000. Institutional investors own 39.43% of the company’s stock.
Blackrock Income Trust Trading Up 0.1%
Shares of NYSE:BKT opened at $10.27 on Friday. Blackrock Income Trust has a 12 month low of $10.16 and a 12 month high of $11.86. The firm’s 50-day moving average is $10.44 and its 200 day moving average is $10.59.
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.
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