Virtu Financial LLC Makes New $176,000 Investment in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Virtu Financial LLC purchased a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 11,708 shares of the investment management company’s stock, valued at approximately $176,000.

Several other institutional investors and hedge funds have also made changes to their positions in BIT. HighTower Advisors LLC boosted its holdings in BlackRock Multi-Sector Income Trust by 35.3% in the third quarter. HighTower Advisors LLC now owns 20,659 shares of the investment management company’s stock worth $298,000 after purchasing an additional 5,386 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter valued at about $150,000. LPL Financial LLC grew its position in shares of BlackRock Multi-Sector Income Trust by 35.2% during the 3rd quarter. LPL Financial LLC now owns 405,230 shares of the investment management company’s stock valued at $5,864,000 after buying an additional 105,614 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in BlackRock Multi-Sector Income Trust by 20.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 316,477 shares of the investment management company’s stock worth $4,747,000 after acquiring an additional 54,342 shares during the period. Finally, International Assets Investment Management LLC bought a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth about $1,610,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT stock opened at $14.64 on Monday. The business has a 50 day moving average of $15.05 and a two-hundred day moving average of $15.26. BlackRock Multi-Sector Income Trust has a 52 week low of $13.65 and a 52 week high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.124 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.49 dividend on an annualized basis and a yield of 10.16%.

BlackRock Multi-Sector Income Trust Profile

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.