Fiera Capital Corp Reduces Stock Position in Blackrock Income Trust $BKT

Fiera Capital Corp trimmed its holdings in shares of Blackrock Income Trust (NYSE:BKT) by 89.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,818 shares of the company’s stock after selling 88,555 shares during the period. Fiera Capital Corp’s holdings in Blackrock Income Trust were worth $119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BKT. Uhlmann Price Securities LLC purchased a new stake in shares of Blackrock Income Trust in the fourth quarter valued at $113,000. Comerica Bank boosted its position in Blackrock Income Trust by 43.0% during the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after acquiring an additional 3,166 shares during the last quarter. TrueMark Investments LLC acquired a new stake in Blackrock Income Trust during the fourth quarter worth approximately $221,000. Ramiah Investment Group acquired a new stake in Blackrock Income Trust during the fourth quarter worth approximately $457,000. Finally, Noble Wealth Management PBC boosted its position in Blackrock Income Trust by 4,325.0% during the fourth quarter. Noble Wealth Management PBC now owns 44,250 shares of the company’s stock worth $489,000 after acquiring an additional 43,250 shares during the last quarter. 39.43% of the stock is currently owned by hedge funds and other institutional investors.

Blackrock Income Trust Trading Up 0.1%

Shares of BKT opened at $10.46 on Thursday. The company’s fifty day moving average is $10.59 and its two-hundred day moving average is $10.86. Blackrock Income Trust has a fifty-two week low of $10.21 and a fifty-two week high of $11.86.

Blackrock Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0882 per share. This represents a c) dividend on an annualized basis and a yield of 10.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.