Narwhal Capital Management cut its position in shares of BlackRock Income Trust (NYSE:BKT) by 9.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,200 shares of the company’s stock after selling 1,666 shares during the quarter. Narwhal Capital Management’s holdings in BlackRock Income Trust were worth $92,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of BKT. Sit Investment Associates Inc. grew its holdings in shares of BlackRock Income Trust by 24.9% during the first quarter. Sit Investment Associates Inc. now owns 9,374,345 shares of the company’s stock worth $55,777,000 after buying an additional 1,867,411 shares in the last quarter. Icon Advisers Inc. Co. grew its holdings in shares of BlackRock Income Trust by 30.6% during the first quarter. Icon Advisers Inc. Co. now owns 1,619,203 shares of the company’s stock worth $9,634,000 after buying an additional 379,486 shares in the last quarter. HNP Capital LLC purchased a new stake in shares of BlackRock Income Trust during the first quarter worth about $623,000. FNY Investment Advisers LLC purchased a new stake in shares of BlackRock Income Trust during the first quarter worth about $141,000. Finally, Jane Street Group LLC purchased a new stake in shares of BlackRock Income Trust during the fourth quarter worth about $93,000. Institutional investors and hedge funds own 55.77% of the company’s stock.
Shares of NYSE BKT traded down $0.01 during midday trading on Friday, reaching $6.13. 129,488 shares of the stock were exchanged, compared to its average volume of 129,002. BlackRock Income Trust has a 52-week low of $5.55 and a 52-week high of $6.16. The stock’s 50 day simple moving average is $6.04.
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.
Want to see what other hedge funds are holding BKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Income Trust (NYSE:BKT).
Receive News & Ratings for BlackRock Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.