Stratos Wealth Partners LTD. Takes Position in BlackRock Multi-Sector Income Trust $BIT

Stratos Wealth Partners LTD. bought a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,385 shares of the investment management company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of BlackRock Multi-Sector Income Trust by 103.9% during 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 purchasing an additional 1,119 shares in the last quarter. Private Trust Co. NA boosted its stake 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 valued at $76,000 after purchasing an additional 933 shares in the last quarter. Elequin Capital LP bought a new position in shares of BlackRock Multi-Sector Income Trust in the 1st quarter worth approximately $140,000. LaSalle St. Investment Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 1st quarter worth approximately $160,000. Finally, Founders Financial Alliance LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 1st quarter worth approximately $178,000.

BlackRock Multi-Sector Income Trust Price Performance

Shares of NYSE:BIT opened at $13.26 on Monday. BlackRock Multi-Sector Income Trust has a 52-week low of $12.50 and a 52-week high of $15.12. The stock has a 50 day moving average price of $13.51 and a 200-day moving average price of $14.06.

BlackRock Multi-Sector Income Trust Announces Dividend

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

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.