Thrivent Financial for Lutherans Buys 20,000 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Thrivent Financial for Lutherans boosted its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 17.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,182 shares of the investment management company’s stock after purchasing an additional 20,000 shares during the period. Thrivent Financial for Lutherans’ holdings in BlackRock Multi-Sector Income Trust were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its position in BlackRock Multi-Sector Income Trust by 11.4% in the second quarter. Atria Wealth Solutions Inc. now owns 78,203 shares of the investment management company’s stock valued at $1,140,000 after purchasing an additional 8,011 shares in the last quarter. Wolverine Asset Management LLC bought a new position in BlackRock Multi-Sector Income Trust in the second quarter valued at $791,000. Raymond James & Associates grew its position in BlackRock Multi-Sector Income Trust by 14.2% in the third quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock valued at $2,980,000 after purchasing an additional 24,447 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of BlackRock Multi-Sector Income Trust by 45.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,703 shares of the investment management company’s stock valued at $2,999,000 after acquiring an additional 63,811 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter valued at about $1,650,000.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BIT opened at $14.63 on Friday. The firm has a 50-day moving average of $14.87 and a 200-day moving average of $14.83. BlackRock Multi-Sector Income Trust has a one year low of $14.39 and a one year high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.1237 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date is Friday, November 15th.

BlackRock Multi-Sector Income Trust Company Profile

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.