Evoke Wealth LLC Sells 61,643 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Evoke Wealth LLC cut its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 77.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,700 shares of the investment management company’s stock after selling 61,643 shares during the quarter. Evoke Wealth LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the 1st quarter valued at $51,000. Concurrent Investment Advisors LLC bought a new stake in BlackRock Multi-Sector Income Trust during the first quarter worth about $164,000. Virtu Financial LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth about $176,000. Verus Capital Partners LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter valued at about $219,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 447.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 51,780 shares of the investment management company’s stock valued at $777,000 after buying an additional 42,317 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

BIT opened at $15.05 on Friday. The stock’s 50 day simple moving average is $14.81 and its 200 day simple moving average is $15.04. BlackRock Multi-Sector Income Trust has a 1 year low of $13.65 and a 1 year high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.1237 per share. This represents a $1.48 dividend on an annualized basis and a yield of 9.86%. The ex-dividend date is Tuesday, October 15th.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a research report on Thursday, July 25th.

About BlackRock Multi-Sector Income Trust

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.