LifePlan Investment Advisors Inc. acquired a new stake in shares of Blackrock Income Trust (NYSE:BKT – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 51,199 shares of the company’s stock, valued at approximately $1,436,000. LifePlan Investment Advisors Inc. owned approximately 0.16% of Blackrock Income Trust at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in BKT. Concurrent Investment Advisors LLC bought a new position in Blackrock Income Trust in the 2nd quarter worth about $3,668,000. Beacon Capital Management LLC bought a new stake in shares of Blackrock Income Trust during the second quarter valued at approximately $966,000. Orion Capital Management LLC purchased a new stake in shares of Blackrock Income Trust in the second quarter valued at approximately $85,000. Beacon Financial Advisory LLC purchased a new stake in shares of Blackrock Income Trust in the second quarter valued at approximately $330,000. Finally, Nwam LLC bought a new position in Blackrock Income Trust in the second quarter worth approximately $612,000. 39.43% of the stock is owned by hedge funds and other institutional investors.
Blackrock Income Trust Stock Performance
BKT opened at $10.27 on Friday. The stock’s fifty day moving average is $10.44 and its two-hundred day moving average is $10.59. Blackrock Income Trust has a 52 week low of $10.16 and a 52 week high of $11.86.
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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