Blackrock Multi-Sector Income Trust (BIT) Position Increased by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in shares of Blackrock Multi-Sector Income Trust (NYSE:BIT) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 820,067 shares of the investment management company’s stock after purchasing an additional 31,087 shares during the period. Wells Fargo & Company MN owned approximately 2.13% of Blackrock Multi-Sector Income Trust worth $15,335,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point View Wealth Management Inc. lifted its position in shares of Blackrock Multi-Sector Income Trust by 2.8% in the 2nd quarter. Point View Wealth Management Inc. now owns 33,061 shares of the investment management company’s stock valued at $599,000 after acquiring an additional 913 shares in the last quarter. Advisor Group Inc. increased its stake in Blackrock Multi-Sector Income Trust by 23.9% in the 2nd quarter. Advisor Group Inc. now owns 6,478 shares of the investment management company’s stock valued at $118,000 after buying an additional 1,250 shares during the period. Stifel Financial Corp increased its stake in Blackrock Multi-Sector Income Trust by 6.3% in the 2nd quarter. Stifel Financial Corp now owns 38,988 shares of the investment management company’s stock valued at $709,000 after buying an additional 2,327 shares during the period. JPMorgan Chase & Co. increased its stake in Blackrock Multi-Sector Income Trust by 94.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,413 shares of the investment management company’s stock valued at $116,000 after buying an additional 3,113 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Blackrock Multi-Sector Income Trust by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 36,821 shares of the investment management company’s stock valued at $668,000 after buying an additional 4,525 shares during the period.

Blackrock Multi-Sector Income Trust (NYSE:BIT) traded up $0.11 during trading on Friday, reaching $18.26. 80,595 shares of the company’s stock traded hands, compared to its average volume of 124,616. Blackrock Multi-Sector Income Trust has a 1 year low of $16.70 and a 1 year high of $18.77.

The business also recently disclosed a special dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 29th were paid a $0.131 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a yield of 7.73%.

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About Blackrock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

Institutional Ownership by Quarter for Blackrock Multi-Sector Income Trust (NYSE:BIT)

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