Karpus Management buys $71,978,673 stake in BlackRock Income Trust (BKT)

BlackRock Income Trust (BKT) : Karpus Management scooped up 1,611,514 additional shares in BlackRock Income Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 10,955,658 shares of BlackRock Income Trust which is valued at $71,978,673.BlackRock Income Trust makes up approximately 3.11% of Karpus Management’s portfolio.

Other Hedge Funds, Including , Relative Value Partners Group reduced its stake in BKT by selling 13,540 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 447,299 shares of BKT which is valued at $2,938,754. BlackRock Income Trust makes up approx 0.34% of Relative Value Partners Group’s portfolio.Cetera Advisor Networks reduced its stake in BKT by selling 4,400 shares or 14.06% in the most recent quarter. The Hedge Fund company now holds 26,897 shares of BKT which is valued at $176,713. BlackRock Income Trust makes up approx 0.01% of Cetera Advisor Networks’s portfolio.Penserra Capital Management boosted its stake in BKT in the latest quarter, The investment management firm added 92 additional shares and now holds a total of 507 shares of BlackRock Income Trust which is valued at $3,331.Commonwealth Equity Services Inc boosted its stake in BKT in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 21,641 shares of BlackRock Income Trust which is valued at $142,831. Shaker Financial Services added BKT to its portfolio by purchasing 10,669 company shares during the most recent quarter which is valued at $70,309. BlackRock Income Trust makes up approx 0.05% of Shaker Financial Services’s portfolio.

BlackRock Income Trust (BKT) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $6.59 and reached the intraday high at $6.59. The bulls started the profit booking and pushed the shares to intraday low of $6.5601. The trading session was marked by a volume range of 50,516 shares exchanging hands. The 52-week high of the shares is $6.67 and the 52-week low is $6.26. The market cap of the company stands at $416 M and there are 6,31,61,000 shares in public circulation.

BlackRock Income Trust Inc. (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to manage a portfolio of securities to achieve both preservation of capital and high monthly income. The Trust seeks to invest over 65% of its assets in mortgage-backed securities. The Trust’s portfolio composition includes the United States Government sponsored agency securities the United States treasury obligations non-agency mortgage-backed securities short-term securities asset-backed securities and borrowed bonds. The Trust invests in non-government spread sectors including investment grade credit high yield credit commercial mortgage-backed securities (CMBS) and non-agency residential mortgage-backed securities (MBS). The Trust also holds exposure to government-related sectors including the United States Treasury securities agency debt and agency MBS. BlackRock Advisors LLC is the Trust’s manager and investment advisor.

Leave a Reply

BlackRock Income Trust - Is it time to Sell?

Top Brokerage Firms are advising their investors on BlackRock Income Trust. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.