BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) announced a monthly dividend on Friday, June 5th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.1237 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, September 15th.
BlackRock Multi-Sector Income Trust Trading Down 0.4%
Shares of BIT opened at $11.72 on Friday. BlackRock Multi-Sector Income Trust has a one year low of $11.71 and a one year high of $13.93. The stock has a 50 day moving average price of $12.16 and a 200 day moving average price of $12.46.
Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in BIT. Garton & Associates Financial Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter valued at about $28,000. Global Retirement Partners LLC acquired a new position in BlackRock Multi-Sector Income Trust during the second quarter worth about $29,000. CoreCap Advisors LLC grew its stake in BlackRock Multi-Sector Income Trust by 76.9% during the 2nd quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 3,000 shares in the last quarter. Harbour Investments Inc. purchased a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter valued at about $94,000. Finally, Comerica Bank raised its holdings in BlackRock Multi-Sector Income Trust by 24.0% in the 4th quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,669 shares during the last quarter.
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.
See Also
- Five stocks we like better than BlackRock Multi-Sector Income Trust
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
- Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
- Copper’s Record Rally Highlights a Deeper Supply Problem
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
Receive News & Ratings for BlackRock Multi-Sector Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Multi-Sector Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.
