Royal Bank of Canada Sells 96,789 Shares of BlackRock Multi-Sector Income Trust $BIT

Royal Bank of Canada lowered its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 14.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 584,866 shares of the investment management company’s stock after selling 96,789 shares during the period. Royal Bank of Canada’s holdings in BlackRock Multi-Sector Income Trust were worth $7,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 440.2% during the fourth quarter. Wells Fargo & Company MN now owns 474,153 shares of the investment management company’s stock worth $6,192,000 after buying an additional 386,375 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the first quarter worth $4,664,000. Invesco Ltd. grew its stake in shares of BlackRock Multi-Sector Income Trust by 53.8% in the fourth quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock worth $8,796,000 after acquiring an additional 235,625 shares during the last quarter. Shaker Financial Services LLC bought a new position in BlackRock Multi-Sector Income Trust during the fourth quarter worth $2,180,000. Finally, 1607 Capital Partners LLC bought a new position in BlackRock Multi-Sector Income Trust during the fourth quarter worth $2,166,000.

BlackRock Multi-Sector Income Trust Trading Up 0.1%

NYSE:BIT opened at $12.32 on Tuesday. BlackRock Multi-Sector Income Trust has a one year low of $12.12 and a one year high of $15.12. The company has a fifty day moving average price of $12.40 and a 200 day moving average price of $12.67.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1237 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.

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.