Janney Montgomery Scott LLC Raises Stock Holdings in BlackRock Multi-Sector Income Trust $BIT

Janney Montgomery Scott LLC increased its position in BlackRock Multi-Sector Income Trust (NYSE:BITFree Report) by 11.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,493 shares of the investment management company’s stock after acquiring an additional 6,835 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Walkner Condon Financial Advisors LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 5.5% during the first quarter. Walkner Condon Financial Advisors LLC now owns 14,243 shares of the investment management company’s stock worth $206,000 after purchasing an additional 743 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of BlackRock Multi-Sector Income Trust by 21.7% during the first quarter. Private Trust Co. NA now owns 5,242 shares of the investment management company’s stock worth $76,000 after purchasing an additional 933 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 103.9% during the first quarter. Golden State Wealth Management LLC now owns 2,196 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,119 shares during the last quarter. Elm3 Financial Group LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 10.1% during the first quarter. Elm3 Financial Group LLC now owns 25,535 shares of the investment management company’s stock worth $370,000 after purchasing an additional 2,334 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the first quarter worth $48,000.

BlackRock Multi-Sector Income Trust Stock Down 0.5%

BIT opened at $13.26 on Wednesday. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.50 and a fifty-two week high of $15.12. The company has a fifty day moving average of $13.77 and a two-hundred day moving average of $14.10.

BlackRock Multi-Sector Income Trust Dividend Announcement

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

BlackRock Multi-Sector Income Trust Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for BlackRock Multi-Sector Income Trust (NYSE:BIT)

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