Pekin Hardy Strauss Inc. Purchases 46,100 Shares of BlackRock Multi-Sector Income Trust $BIT

Pekin Hardy Strauss Inc. increased its position in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 190.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,365 shares of the investment management company’s stock after purchasing an additional 46,100 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $1,027,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC lifted its holdings in BlackRock Multi-Sector Income Trust by 161.4% during the second quarter. Creekmur Asset Management LLC now owns 4,719 shares of the investment management company’s stock worth $69,000 after acquiring an additional 2,914 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the first quarter worth about $140,000. LaSalle St. Investment Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 1st quarter valued at about $160,000. Founders Financial Alliance LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 1st quarter valued at about $178,000. Finally, Concurrent Investment Advisors LLC grew its position in shares of BlackRock Multi-Sector Income Trust by 15.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,069 shares of the investment management company’s stock valued at $205,000 after purchasing an additional 1,849 shares during the period.

BlackRock Multi-Sector Income Trust Price Performance

NYSE BIT opened at $13.26 on Friday. The business has a 50 day simple moving average of $13.39 and a 200 day simple moving average of $14.03. BlackRock Multi-Sector Income Trust has a 52-week low of $12.50 and a 52-week high of $15.12.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 11.2%.

About BlackRock Multi-Sector Income Trust

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.