West Oak Capital LLC Sells 1,000 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

West Oak Capital LLC reduced its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 24.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,100 shares of the investment management company’s stock after selling 1,000 shares during the quarter. West Oak Capital LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $47,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in shares of BlackRock Multi-Sector Income Trust by 6.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 489,564 shares of the investment management company’s stock worth $7,116,000 after acquiring an additional 30,332 shares during the period. Invesco Ltd. boosted its stake in BlackRock Multi-Sector Income Trust by 7.2% in the 1st quarter. Invesco Ltd. now owns 427,486 shares of the investment management company’s stock valued at $7,045,000 after purchasing an additional 28,739 shares during the period. LPL Financial LLC boosted its stake in BlackRock Multi-Sector Income Trust by 35.2% in the 3rd quarter. LPL Financial LLC now owns 405,230 shares of the investment management company’s stock valued at $5,864,000 after purchasing an additional 105,614 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in BlackRock Multi-Sector Income Trust by 20.7% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 316,477 shares of the investment management company’s stock valued at $4,747,000 after purchasing an additional 54,342 shares during the period. Finally, Royal Bank of Canada boosted its stake in BlackRock Multi-Sector Income Trust by 4.3% in the 1st quarter. Royal Bank of Canada now owns 246,089 shares of the investment management company’s stock valued at $4,055,000 after purchasing an additional 10,186 shares during the period.

BlackRock Multi-Sector Income Trust Stock Performance

BIT traded up $0.09 during trading on Thursday, hitting $15.97. The stock had a trading volume of 38,212 shares, compared to its average volume of 87,839. The company has a 50 day moving average price of $15.44 and a 200-day moving average price of $14.97. BlackRock Multi-Sector Income Trust has a one year low of $13.65 and a one year high of $15.97.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a $0.124 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.49 annualized dividend and a yield of 9.32%.

BlackRock Multi-Sector Income Trust Profile

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.