Peapack Gladstone Financial Corp Decreases Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Peapack Gladstone Financial Corp trimmed its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BITFree Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,697 shares of the investment management company’s stock after selling 1,569 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in BlackRock Multi-Sector Income Trust were worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter worth about $1,610,000. Atria Wealth Solutions Inc. raised its position in BlackRock Multi-Sector Income Trust by 75.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 49,007 shares of the investment management company’s stock worth $735,000 after purchasing an additional 21,027 shares during the period. Cyndeo Wealth Partners LLC raised its position in BlackRock Multi-Sector Income Trust by 20.7% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 316,477 shares of the investment management company’s stock worth $4,747,000 after purchasing an additional 54,342 shares during the period. HighTower Advisors LLC raised its position in BlackRock Multi-Sector Income Trust by 35.3% in the 3rd quarter. HighTower Advisors LLC now owns 20,659 shares of the investment management company’s stock worth $298,000 after purchasing an additional 5,386 shares during the period. Finally, Principal Securities Inc. purchased a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter worth about $93,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.66 on Friday. BlackRock Multi-Sector Income Trust has a 1-year low of $13.65 and a 1-year high of $15.98. The company’s 50-day moving average is $15.24 and its 200 day moving average is $15.28.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.124 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.49 dividend on an annualized basis and a yield of 10.15%.

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.

Further Reading

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

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