Absolute Investment Advisers LLC Purchases Shares of 53,637 BlackRock Multi-Sector Income Trust $BIT

Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,637 shares of the investment management company’s stock, valued at approximately $718,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. grew its holdings in shares of 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 worth $5,460,000 after purchasing an additional 96,283 shares during the period. GraniteShares Advisors LLC raised its holdings in BlackRock Multi-Sector Income Trust by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 191,623 shares of the investment management company’s stock valued at $2,798,000 after buying an additional 11,979 shares during the period. Janney Montgomery Scott LLC lifted its position in BlackRock Multi-Sector Income Trust by 11.7% during the second quarter. Janney Montgomery Scott LLC now owns 65,493 shares of the investment management company’s stock valued at $956,000 after buying an additional 6,835 shares in the last quarter. Truist Financial Corp grew its stake in BlackRock Multi-Sector Income Trust by 8.1% during the second quarter. Truist Financial Corp now owns 116,774 shares of the investment management company’s stock worth $1,705,000 after buying an additional 8,743 shares during the period. Finally, Elm3 Financial Group LLC increased its position in shares of BlackRock Multi-Sector Income Trust by 6.8% in the second quarter. Elm3 Financial Group LLC now owns 27,261 shares of the investment management company’s stock worth $398,000 after acquiring an additional 1,726 shares in the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BIT stock opened at $13.15 on Tuesday. The company’s fifty day simple moving average is $13.18 and its 200-day simple moving average is $13.75. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.12.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.1237 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 11.3%.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.