BlackRock Multi-Sector Income Trust (NYSE:BIT) Stock Price Passes Above 50-Day Moving Average – What’s Next?

BlackRock Multi-Sector Income Trust (NYSE:BITGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.72 and traded as high as $12.81. BlackRock Multi-Sector Income Trust shares last traded at $12.7250, with a volume of 151,860 shares traded.

BlackRock Multi-Sector Income Trust Price Performance

The firm has a fifty day moving average of $12.72 and a 200 day moving average of $13.03.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.1237 dividend. This represents a c) annualized dividend and a yield of 11.7%. The ex-dividend date is Monday, June 15th.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Large investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC bought a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter worth about $28,000. Cresta Advisors Ltd. purchased a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth about $91,000. Harbour Investments Inc. purchased a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth about $94,000. Creekmur Asset Management LLC boosted its position in BlackRock Multi-Sector Income Trust by 50.0% in the third quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock worth $95,000 after purchasing an additional 2,360 shares during the last quarter. Finally, Anfield Capital Management LLC purchased a new position in BlackRock Multi-Sector Income Trust in the third quarter worth about $99,000.

About BlackRock Multi-Sector Income Trust

(Get Free Report)

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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