Raymond James Financial Inc. Has $5.46 Million Stake in BlackRock Multi-Sector Income Trust $BIT

Raymond James Financial Inc. increased its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 34.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 377,072 shares of the investment management company’s stock after acquiring an additional 96,283 shares during the period. Raymond James Financial Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $5,460,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cyndeo Wealth Partners LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 30.1% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 733,880 shares of the investment management company’s stock worth $10,627,000 after acquiring an additional 170,000 shares during the period. Ameriprise Financial Inc. lifted its position in shares of BlackRock Multi-Sector Income Trust by 4.7% in the 4th quarter. Ameriprise Financial Inc. now owns 490,059 shares of the investment management company’s stock worth $7,151,000 after acquiring an additional 21,972 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of BlackRock Multi-Sector Income Trust by 35.2% in 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 in the last quarter. GraniteShares Advisors LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 6.5% in the 1st quarter. GraniteShares Advisors LLC now owns 179,644 shares of the investment management company’s stock worth $2,601,000 after buying an additional 10,890 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its holdings in shares of BlackRock Multi-Sector Income Trust by 14.4% in the 1st quarter. Atria Wealth Solutions Inc. now owns 114,818 shares of the investment management company’s stock worth $1,663,000 after buying an additional 14,480 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Up 0.9%

BIT stock opened at $13.56 on Friday. The business has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.31. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.1237 per share. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Monday, September 15th.

About BlackRock Multi-Sector Income Trust

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.