Steward Partners Investment Advisory LLC Purchases 42,317 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Steward Partners Investment Advisory LLC raised its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BITFree Report) by 447.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,780 shares of the investment management company’s stock after acquiring an additional 42,317 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Principal Securities Inc. bought a new position in BlackRock Multi-Sector Income Trust during the fourth quarter valued at $93,000. Kestra Advisory Services LLC bought a new position in BlackRock Multi-Sector Income Trust during the third quarter valued at $150,000. HighTower Advisors LLC increased its position in BlackRock Multi-Sector Income Trust by 35.3% during the third quarter. HighTower Advisors LLC now owns 20,659 shares of the investment management company’s stock valued at $298,000 after acquiring an additional 5,386 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in BlackRock Multi-Sector Income Trust by 75.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 49,007 shares of the investment management company’s stock valued at $735,000 after acquiring an additional 21,027 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust by 9.8% in the fourth quarter. Private Advisor Group LLC now owns 81,132 shares of the investment management company’s stock worth $1,217,000 after purchasing an additional 7,260 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE BIT opened at $14.78 on Wednesday. The company’s 50-day moving average price is $15.31 and its 200-day moving average price is $15.29. BlackRock Multi-Sector Income Trust has a 12 month low of $13.65 and a 12 month high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a $0.124 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date of this dividend was Tuesday, May 14th.

About BlackRock Multi-Sector Income Trust

(Free Report)

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

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

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