Wealth Enhancement Advisory Services LLC Buys New Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Wealth Enhancement Advisory Services LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 38,397 shares of the investment management company’s stock, valued at approximately $561,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its stake in BlackRock Multi-Sector Income Trust by 11.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 68,814 shares of the investment management company’s stock worth $1,005,000 after acquiring an additional 7,186 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $4,100,000. Jane Street Group LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $358,000. LPL Financial LLC boosted its stake in 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 valued at $8,508,000 after buying an additional 77,324 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in BlackRock Multi-Sector Income Trust by 2.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 33,348 shares of the investment management company’s stock valued at $487,000 after buying an additional 946 shares in the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.44 on Thursday. The business’s fifty day moving average is $14.05 and its two-hundred day moving average is $14.41. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.21.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.28%. The ex-dividend date of this dividend is Friday, June 13th.

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.