BlackRock Income TrustBKT
BKT
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 percent of its assets in mortgage-backed securities. The Fund invests at least 80 percent 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.
0
Funds holding %
of 7,390 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
2.23% less ownership
Funds ownership: 34.27% [Q3] → 32.05% (-2.23%) [Q4]
4% less funds holding
Funds holding: 49 [Q3] → 47 (-2) [Q4]
5% less capital invested
Capital invested by funds: $89.5M [Q3] → $84.6M (-$4.87M) [Q4]
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
Research analyst outlook
We haven’t received any recent analyst ratings for BKT.
Financial journalist opinion
Neutral
Business Wire
3 days ago
BlackRock Announces Closing of Reorganization of BlackRock Enhanced Government Fund, Inc. (EGF) with and into BlackRock Income Trust, Inc. (BKT)
NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Enhanced Government Fund, Inc. (NYSE: EGF, the “Fund”) has completed its reorganization with and into BlackRock Income Trust, Inc. (NYSE: BKT and together with EGF, the “Funds,” and each, a “Fund”) (the “Reorganization”), effective as of the opening for business of the New York Stock Exchange on Monday, March 24, 2025. In the Reorganization, each EGF shareholder received common shares of BKT in an amount equal to the aggregate net asset value of the EGF comm.
Neutral
Business Wire
1 week ago
BlackRock Enhanced Government Fund, Inc. (EGF) Announces Shareholder Approval for Reorganization with and into BlackRock Income Trust, Inc. (BKT)
NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Advisors, LLC announced today that, at a special meeting of shareholders of BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), shareholders approved the proposals necessary for the previously announced reorganization of EGF with and into BlackRock Income Trust, Inc. (NYSE: BKT) (and together with EGF, “the Funds,” and each, a “Fund”), with BKT continuing as the surviving Fund (collectively, the “Reorganization”). It is currently expected that the Reorgani.
Positive
Seeking Alpha
2 months ago
BKT: I See A Buy Case For Agency MBS In The Year Ahead (Rating Upgrade)
Evaluating BlackRock Income Trust as an investment option, primarily focused on agency mortgage-backed securities for capital preservation and high monthly income. Previously rated BKT as "hold" due to leveraged investments and limited value in agency MBS amid an inverted yield curve. With the 2025 bull market, reconsidering BKT as an equity hedge; now upgrading the rating to "buy" based on current market conditions.
Negative
Seeking Alpha
3 months ago
CEF Weekly Review: The Difficulties Of High-Quality CEFs
We review the CEF market valuation and performance through the second week of December and highlight recent market action. CEFs mostly declined this week due to a 0.25% rise in 10-year Treasury yields, with only the loan sector showing a slight NAV gain. The BlackRock Enhanced Government Fund (EGF) will merge into BlackRock Income Trust (BKT); high-quality funds like these are not ideal in CEFs.
Positive
Seeking Alpha
3 months ago
BKT: Absorbing A Smaller CEF
BlackRock Income Trust is a leveraged fixed income CEF focused on Agency MBS, set to benefit from lower rates as part of a monetary easing cycle. BKT is merging with BlackRock Enhanced Government Fund, thus increasing its AUM; EGF shareholders must approve the corporate action, but approval is likely. Despite high ROC utilization, BKT remains attractive due to the favorable macro rates outlook, positioning it as a solid long-term hold.
Neutral
Business Wire
3 months ago
BlackRock Announces Board Approval of Closed-End Fund Reorganization
NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Advisors, LLC announced today that the Boards of Directors of BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) and BlackRock Income Trust, Inc. (NYSE: BKT) (each, a “Fund” and together, the “Funds”) have approved the reorganization of EGF with and into BKT, with BKT continuing as the surviving Fund (collectively, the “Reorganization”). Following the closing of the Reorganization, BKT, as the surviving Fund, intends to offer to repurchase a portion of its.
Positive
Seeking Alpha
6 months ago
BKT: Not An Attractive Entry Point After The Decrease In Rates (Rating Downgrade)
BKT has delivered a 9% total return, outperforming the S&P 500, but the current pricing is no longer appealing, prompting a downgrade to 'Hold'. Significant rate narrowing has benefited BKT due to its high sensitivity to rates, but the fund's effective duration has now decreased to 7.3 years. BKT remains a leveraged proxy for mortgage REITs with high correlation to names like NLY and AGNC, but lacks active duration management.
Neutral
Seeking Alpha
9 months ago
BKT: There Is Both Good And Bad (Rating Upgrade)
I evaluate the BlackRock Income Trust as an investment option and explain why I am no longer bearish on the fund. I previously had a sell rating on the fund due to limited opportunities, and but now I believe hold is the appropriate rating going forward, despite some macro-concerns I have. The fund had benefited from strong demand from the Fed and large US banks, both of whom have been scaling back their purchases of agency MBS.
Neutral
Business Wire
9 months ago
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Funds previously declared their June distributions on May 20, 2024 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) previous.
Positive
Seeking Alpha
11 months ago
BKT: Understand What You Are Buying, MBS Will Likely Deliver
BlackRock Income Trust is a closed-end fund that purchases agency MBS bonds and leverages them to generate high dividends and a rates-based return profile. The fund's 9% distribution yield is not supported by underlying cash flows, but it should make up for it through capital gains as rates move lower. BKT has a total return profile closely correlated to mortgage REITs like Annaly Capital and AGNC Investment Corp, making it an attractive option in the current macro environment.
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