SeaCrest Wealth Management LLC Acquires New Position in Blackrock Municipal Income Trust (NYSE:BFK)

SeaCrest Wealth Management LLC acquired a new position in Blackrock Municipal Income Trust (NYSE:BFK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,210 shares of the investment management company’s stock, valued at approximately $214,000.

Several other institutional investors have also added to or reduced their stakes in the company. Yellowstone Partners LLC acquired a new stake in shares of Blackrock Municipal Income Trust in the third quarter worth $588,000. Krilogy Financial LLC acquired a new stake in shares of Blackrock Municipal Income Trust in the third quarter worth $586,000. Wells Fargo & Company MN increased its position in shares of Blackrock Municipal Income Trust by 3.9% in the third quarter. Wells Fargo & Company MN now owns 95,941 shares of the investment management company’s stock worth $1,370,000 after acquiring an additional 3,602 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Blackrock Municipal Income Trust by 5.5% in the third quarter. Van ECK Associates Corp now owns 91,961 shares of the investment management company’s stock worth $1,313,000 after acquiring an additional 4,793 shares in the last quarter. Finally, Frontier Investment Mgmt Co. purchased a new position in shares of Blackrock Municipal Income Trust in the second quarter valued at $532,000.

Blackrock Municipal Income Trust (NYSE BFK) opened at $13.38 on Monday. Blackrock Municipal Income Trust has a 52 week low of $13.10 and a 52 week high of $14.72.

The company also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a $0.065 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.78 annualized dividend and a dividend yield of 5.83%.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://ledgergazette.com/2018/02/19/seacrest-wealth-management-llc-takes-214000-position-in-blackrock-municipal-income-trust-bfk.html.

Blackrock Municipal Income Trust Company Profile

BlackRock Municipal Income Trust (the Trust) is a diversified closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes.

Institutional Ownership by Quarter for Blackrock Municipal Income Trust (NYSE:BFK)

Receive News & Ratings for Blackrock Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply