Rivernorth Capital Management LLC lessened its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT – Free Report) by 60.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 487,034 shares of the investment management company’s stock after selling 731,079 shares during the period. Rivernorth Capital Management LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $6,098,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in BIT. Royal Bank of Canada grew its stake in shares of BlackRock Multi-Sector Income Trust by 76.7% in the fourth quarter. Royal Bank of Canada now owns 681,655 shares of the investment management company’s stock worth $8,903,000 after acquiring an additional 295,974 shares during the last quarter. Invesco Ltd. grew its position in BlackRock Multi-Sector Income Trust by 53.8% during the 4th quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock valued at $8,796,000 after purchasing an additional 235,625 shares during the last quarter. Ameriprise Financial Inc. increased its stake in BlackRock Multi-Sector Income Trust by 17.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 512,573 shares of the investment management company’s stock valued at $6,829,000 after purchasing an additional 76,610 shares in the last quarter. Wells Fargo & Company MN raised its holdings in BlackRock Multi-Sector Income Trust by 440.2% in 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. Finally, Guggenheim Capital LLC lifted its stake in shares of BlackRock Multi-Sector Income Trust by 31.9% in the fourth quarter. Guggenheim Capital LLC now owns 468,849 shares of the investment management company’s stock worth $6,123,000 after buying an additional 113,522 shares in the last quarter.
BlackRock Multi-Sector Income Trust Trading Down 0.1%
NYSE:BIT opened at $11.95 on Monday. The company’s 50 day moving average price is $12.28 and its 200-day moving average price is $12.55. BlackRock Multi-Sector Income Trust has a 52 week low of $11.81 and a 52 week high of $13.99.
BlackRock Multi-Sector Income Trust Dividend Announcement
BlackRock Multi-Sector Income Trust Company Profile
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.
Featured Stories
- Five stocks we like better than BlackRock Multi-Sector Income Trust
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
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.
