BlackRock Multi-Sector Income Trust (NYSE:BIT) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lessened its stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,252 shares of the investment management company’s stock after selling 3,232 shares during the quarter. Private Advisor Group LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $945,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ramiah Investment Group acquired a new position in shares of BlackRock Multi-Sector Income Trust during the first quarter worth $496,000. Pekin Hardy Strauss Inc. purchased a new stake in BlackRock Multi-Sector Income Trust during the 1st quarter worth $351,000. Envestnet Asset Management Inc. increased its stake in BlackRock Multi-Sector Income Trust by 35.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 266,453 shares of the investment management company’s stock worth $3,858,000 after buying an additional 69,337 shares during the period. Private Trust Co. NA lifted its holdings in BlackRock Multi-Sector Income Trust by 21.7% in the 1st quarter. Private Trust Co. NA now owns 5,242 shares of the investment management company’s stock worth $76,000 after buying an additional 933 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in BlackRock Multi-Sector Income Trust by 103.9% in the 1st quarter. Golden State Wealth Management LLC now owns 2,196 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,119 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.58 on Monday. BlackRock Multi-Sector Income Trust has a 1-year low of $12.50 and a 1-year high of $15.21. The business has a 50-day moving average of $14.44 and a 200-day moving average of $14.40.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $0.1237 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.18%. The ex-dividend date is Tuesday, July 15th.

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.