BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) announced a monthly dividend on Friday, February 27th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.1237 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Monday, June 15th.
BlackRock Multi-Sector Income Trust Trading Down 0.2%
Shares of BIT traded down $0.03 during mid-day trading on Friday, reaching $12.57. The company’s stock had a trading volume of 214,082 shares, compared to its average volume of 274,828. BlackRock Multi-Sector Income Trust has a 52 week low of $12.20 and a 52 week high of $15.12. The company’s fifty day moving average price is $12.62 and its two-hundred day moving average price is $12.91.
Institutional Trading of BlackRock Multi-Sector Income Trust
Hedge funds have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter valued at about $28,000. Cresta Advisors Ltd. bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $91,000. Creekmur Asset Management LLC boosted its holdings in BlackRock Multi-Sector Income Trust by 50.0% during the 3rd quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock valued at $95,000 after acquiring an additional 2,360 shares during the period. Harbour Investments Inc. purchased a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter valued at about $94,000. Finally, Anfield Capital Management LLC bought a new position in BlackRock Multi-Sector Income Trust during the 3rd quarter worth approximately $99,000.
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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