BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) declared a monthly dividend on Friday, June 5th. Investors of record on Wednesday, July 15th will be given a dividend of 0.1237 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Wednesday, July 15th.
BlackRock Multi-Sector Income Trust Stock Performance
NYSE:BIT opened at $12.53 on Monday. BlackRock Multi-Sector Income Trust has a 12-month low of $12.20 and a 12-month high of $15.12. The stock’s 50 day moving average price is $12.52 and its two-hundred day moving average price is $12.80.
Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust
A number of large investors have recently added to or reduced their stakes in the business. Shaker Financial Services LLC bought a new position in BlackRock Multi-Sector Income Trust during the fourth quarter worth $2,180,000. Rareview Capital LLC lifted its stake in shares of BlackRock Multi-Sector Income Trust by 55.1% during the 4th quarter. Rareview Capital LLC now owns 122,325 shares of the investment management company’s stock worth $1,598,000 after buying an additional 43,448 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter worth about $922,000. Beta Wealth Group Inc. acquired a new position in BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $1,862,000. Finally, Almitas Capital LLC acquired a new position in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at about $765,000.
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.
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