First Trust Advisors LP Has $850,000 Stock Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

First Trust Advisors LP lifted its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,242 shares of the investment management company’s stock after purchasing an additional 4,872 shares during the period. First Trust Advisors LP’s holdings in BlackRock Multi-Sector Income Trust were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BIT. Janney Montgomery Scott LLC increased its stake in shares of BlackRock Multi-Sector Income Trust by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock worth $857,000 after purchasing an additional 995 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at $27,000. Cyndeo Wealth Partners LLC grew its stake in BlackRock Multi-Sector Income Trust by 28.8% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock worth $8,233,000 after buying an additional 126,000 shares during the last quarter. Spire Wealth Management acquired a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter valued at $146,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in BlackRock Multi-Sector Income Trust in the 4th quarter valued at $1,539,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT stock opened at $14.21 on Friday. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.41. The stock’s fifty day moving average is $14.12 and its 200-day moving average is $14.49.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.1237 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.45%.

BlackRock Multi-Sector Income Trust 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.