Cetera Investment Advisers Decreases Stock Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Cetera Investment Advisers cut its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 16.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,232 shares of the investment management company’s stock after selling 9,334 shares during the period. Cetera Investment Advisers’ holdings in BlackRock Multi-Sector Income Trust were worth $690,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of BlackRock Multi-Sector Income Trust by 15.3% in the 4th quarter. LPL Financial LLC now owns 582,721 shares of the investment management company’s stock worth $8,508,000 after buying an additional 77,324 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of BlackRock Multi-Sector Income Trust by 4.7% during the 4th quarter. Ameriprise Financial Inc. now owns 490,059 shares of the investment management company’s stock valued at $7,151,000 after purchasing an additional 21,972 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth approximately $4,100,000. GraniteShares Advisors LLC bought a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter valued at about $2,464,000. Finally, Thrivent Financial for Lutherans increased its holdings in BlackRock Multi-Sector Income Trust by 14.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 152,795 shares of the investment management company’s stock worth $2,231,000 after acquiring an additional 19,613 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Up 0.3%

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.27 on Monday. The company has a fifty day moving average of $14.07 and a 200 day moving average of $14.45. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.50 and a fifty-two week high of $15.21.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.1237 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.40%.

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.