Melfa Wealth Management Inc. Reduces Holdings in BlackRock Income Trust, Inc. (NYSE:BKT)

Melfa Wealth Management Inc. lessened its stake in shares of BlackRock Income Trust, Inc. (NYSE:BKT) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 371,588 shares of the company’s stock after selling 2,805 shares during the period. BlackRock Income Trust comprises approximately 2.9% of Melfa Wealth Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Melfa Wealth Management Inc. owned approximately 1.74% of BlackRock Income Trust worth $4,281,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in BlackRock Income Trust during the 3rd quarter valued at about $13,380,000. Thrivent Financial for Lutherans raised its stake in BlackRock Income Trust by 34.3% in the third 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 in the last quarter. Canal Capital Management LLC boosted its position in BlackRock Income Trust by 13.6% during the 3rd 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. Raymond James & Associates boosted its position in BlackRock Income Trust by 4.8% during the 3rd quarter. Raymond James & Associates now owns 414,630 shares of the company’s stock valued at $5,154,000 after acquiring an additional 19,061 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of BlackRock Income Trust by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock worth $544,000 after acquiring an additional 1,780 shares in the last quarter. Institutional investors own 39.43% of the company’s stock.

BlackRock Income Trust Stock Performance

Shares of NYSE BKT opened at $11.61 on Wednesday. The business has a fifty day moving average price of $11.70 and a 200 day moving average price of $12.05. BlackRock Income Trust, Inc. has a 1-year low of $11.06 and a 1-year high of $12.67.

BlackRock Income Trust Announces Dividend

The company also recently declared 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. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.12%. The ex-dividend date is Wednesday, January 15th.

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.