BlackRock Income Trust (BKT)

Market Cap: $267M

About: Blackrock Income Trust Inc is a diversified investment fund with an investment objective to manage a portfolio of high-quality securities to achieve both preservations of capital and high monthly income. The trust seeks to achieve its investment objective by investing at least 65% of its assets in mortgage-backed securities. The Fund invests at least 80% of its assets in securities that are (i) issued or guaranteed by the U.S. government or one of its agencies or instrumentalities or (ii) rated at the time of investment either AAA by S&P Global Ratings ("S&P") or Aaa by Moody's Investors Service, Inc ("Moody's"). The Fund may invest directly in such securities or synthetically through the use of derivatives.

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

22.44% more ownership

Funds ownership: 12.87% [Q1] → 35.3% (+22.44%) [Q2]

6% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 16

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

7% less funds holding

Funds holding: 57 [Q1] → 53 (-4) [Q2]

8% less capital invested

Capital invested by funds: $97.9M [Q1] → $89.8M (-$8.16M) [Q2]

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12