372,532 Shares in BlackRock Multi-Sector Income Trust $BIT Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 372,532 shares of the investment management company’s stock, valued at approximately $4,664,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the first quarter valued at approximately $193,000. Calamos Advisors LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 34,160 shares of the investment management company’s stock valued at $428,000 after purchasing an additional 4,065 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of BlackRock Multi-Sector Income Trust by 583.1% during the 1st quarter. Fifth Third Bancorp now owns 10,349 shares of the investment management company’s stock valued at $130,000 after buying an additional 8,834 shares during the period. Rareview Capital LLC raised its position in shares of BlackRock Multi-Sector Income Trust by 20.8% in the 1st quarter. Rareview Capital LLC now owns 147,763 shares of the investment management company’s stock worth $1,850,000 after buying an additional 25,438 shares during the period. Finally, Wealth Care LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 1st quarter worth $650,000.

BlackRock Multi-Sector Income Trust Trading Down 0.2%

Shares of NYSE:BIT opened at $12.18 on Friday. The business’s 50-day simple moving average is $12.45 and its 200 day simple moving average is $12.75. BlackRock Multi-Sector Income Trust has a one year low of $12.17 and a one year high of $15.12.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.1237 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 12.2%.

BlackRock Multi-Sector Income Trust 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.