Penserra Capital Management LLC Takes Position in BlackRock Multi-Sector Income Trust $BIT

Penserra Capital Management LLC purchased a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 463,248 shares of the investment management company’s stock, valued at approximately $6,202,000.

Several other institutional investors also recently bought and sold shares of BIT. NewEdge Advisors LLC raised its holdings in BlackRock Multi-Sector Income Trust by 2.0% in the second quarter. NewEdge Advisors LLC now owns 84,429 shares of the investment management company’s stock worth $1,233,000 after buying an additional 1,678 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust by 15.1% during the second quarter. Concurrent Investment Advisors LLC now owns 14,069 shares of the investment management company’s stock valued at $205,000 after buying an additional 1,849 shares during the last quarter. Cetera Investment Advisers increased its position in shares of BlackRock Multi-Sector Income Trust by 3.2% during the second quarter. Cetera Investment Advisers now owns 59,446 shares of the investment management company’s stock valued at $868,000 after acquiring an additional 1,852 shares in the last quarter. Creekmur Asset Management LLC raised its holdings in BlackRock Multi-Sector Income Trust by 161.4% in the 2nd quarter. Creekmur Asset Management LLC now owns 4,719 shares of the investment management company’s stock worth $69,000 after acquiring an additional 2,914 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in BlackRock Multi-Sector Income Trust by 7.1% in the 2nd quarter. First Trust Advisors LP now owns 61,478 shares of the investment management company’s stock valued at $898,000 after acquiring an additional 4,070 shares in the last quarter.

BlackRock Multi-Sector Income Trust Trading Up 0.1%

Shares of BIT opened at $13.27 on Friday. The business’s fifty day simple moving average is $13.20 and its two-hundred day simple moving average is $13.51. BlackRock Multi-Sector Income Trust has a 12 month low of $12.50 and a 12 month high of $15.12.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.1237 dividend. This represents a c) annualized dividend and a yield of 11.2%. The ex-dividend date is Friday, March 13th.

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.