Almitas Capital LLC Acquires Shares of 57,112 BlackRock Multi-Sector Income Trust $BIT

Almitas Capital LLC bought a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 57,112 shares of the investment management company’s stock, valued at approximately $765,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BIT. Creekmur Asset Management LLC grew its stake in BlackRock Multi-Sector Income Trust by 50.0% in the 3rd quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,360 shares during the period. Anfield Capital Management LLC acquired a new position in BlackRock Multi-Sector Income Trust during the third quarter worth $99,000. Wealth Enhancement Advisory Services LLC acquired a new position in BlackRock Multi-Sector Income Trust during the third quarter worth $155,000. World Investment Advisors purchased a new position in BlackRock Multi-Sector Income Trust during the third quarter valued at $155,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in BlackRock Multi-Sector Income Trust during the third quarter valued at $161,000.

BlackRock Multi-Sector Income Trust Trading Down 1.7%

Shares of NYSE BIT opened at $12.52 on Friday. The company’s 50-day simple moving average is $13.15 and its 200-day simple moving average is $13.25. 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 declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.1237 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

BlackRock Multi-Sector Income Trust Company Profile

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.