BlackRock Multi-Sector Income Trust $BIT Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 9.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,345 shares of the investment management company’s stock after selling 2,900 shares during the period. DAVENPORT & Co LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BIT. Cyndeo Wealth Partners LLC grew its position in shares of BlackRock Multi-Sector Income Trust by 30.1% in the first quarter. Cyndeo Wealth Partners LLC now owns 733,880 shares of the investment management company’s stock valued at $10,627,000 after purchasing an additional 170,000 shares during the last quarter. Raymond James Financial Inc. grew its holdings in BlackRock Multi-Sector Income Trust by 34.3% during the 1st quarter. Raymond James Financial Inc. now owns 377,072 shares of the investment management company’s stock valued at $5,460,000 after buying an additional 96,283 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings 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 valued at $3,858,000 after buying an additional 69,337 shares during the last quarter. Ramiah Investment Group acquired a new stake in BlackRock Multi-Sector Income Trust during the 1st quarter valued at $496,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the first quarter valued at $351,000.

BlackRock Multi-Sector Income Trust Stock Down 0.8%

BIT opened at $13.30 on Monday. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.12. The business’s fifty day simple moving average is $13.83 and its 200 day simple moving average is $14.11.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.1237 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Wednesday, October 15th.

BlackRock Multi-Sector Income Trust Company 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.