Advisors Asset Management Inc. Sells 911 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Advisors Asset Management Inc. lessened its holdings in BlackRock Multi-Sector Income Trust (NYSE:BITGet Rating) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,447 shares of the investment management company’s stock after selling 911 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $774,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter valued at about $66,000. Nations Financial Group Inc. IA ADV bought a new position in BlackRock Multi-Sector Income Trust during the 1st quarter worth approximately $167,000. Advisory Services Network LLC bought a new position in BlackRock Multi-Sector Income Trust during the 1st quarter worth approximately $173,000. Cetera Investment Advisers boosted its stake in BlackRock Multi-Sector Income Trust by 6.7% during the 1st quarter. Cetera Investment Advisers now owns 11,602 shares of the investment management company’s stock worth $191,000 after acquiring an additional 725 shares during the last quarter. Finally, First Citizens Financial Corp bought a new position in BlackRock Multi-Sector Income Trust during the 2nd quarter worth approximately $192,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.96 on Friday. The company’s 50 day simple moving average is $14.85 and its 200 day simple moving average is $15.02. BlackRock Multi-Sector Income Trust has a fifty-two week low of $13.42 and a fifty-two week high of $18.80.

BlackRock Multi-Sector Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be paid a dividend of $0.124 per share. This is a positive change from BlackRock Multi-Sector Income Trust’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.49 annualized dividend and a yield of 9.95%.

BlackRock Multi-Sector Income Trust Profile

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BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.

See Also

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Institutional Ownership by Quarter for BlackRock Multi-Sector Income Trust (NYSE:BIT)

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