Concurrent Investment Advisors LLC Boosts Holdings in BlackRock Multi-Sector Income Trust $BIT

Concurrent Investment Advisors LLC boosted its position in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,069 shares of the investment management company’s stock after buying an additional 1,849 shares during the period. Concurrent Investment Advisors LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BIT. Wealth Enhancement Advisory Services LLC grew its position in BlackRock Multi-Sector Income Trust by 18.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 45,374 shares of the investment management company’s stock valued at $657,000 after buying an additional 6,977 shares during the last quarter. Walkner Condon Financial Advisors LLC grew its position in BlackRock Multi-Sector Income Trust by 5.5% in the 1st quarter. Walkner Condon Financial Advisors LLC now owns 14,243 shares of the investment management company’s stock valued at $206,000 after buying an additional 743 shares during the last quarter. Golden State Wealth Management LLC grew 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. Private Trust Co. NA boosted its position in shares of BlackRock Multi-Sector Income Trust by 21.7% during the 1st 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of 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 purchasing an additional 69,337 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE BIT opened at $13.05 on Tuesday. BlackRock Multi-Sector Income Trust has a one year low of $12.50 and a one year high of $15.12. The company’s fifty day moving average is $13.64 and its two-hundred day moving average is $14.06.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date 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.