BlackRock Multi-Sector Income Trust (NYSE:BIT) Stock Position Lowered by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,047 shares of the investment management company’s stock after selling 7,713 shares during the quarter. Private Advisor Group LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $1,262,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 21.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 437,880 shares of the investment management company’s stock worth $6,656,000 after acquiring an additional 77,672 shares during the period. Envestnet Asset Management Inc. raised its position in BlackRock Multi-Sector Income Trust by 45.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 205,703 shares of the investment management company’s stock valued at $2,999,000 after buying an additional 63,811 shares during the last quarter. Raymond James & Associates raised its position in BlackRock Multi-Sector Income Trust by 14.2% in the 3rd quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock valued at $2,980,000 after buying an additional 24,447 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in BlackRock Multi-Sector Income Trust by 10.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 120,937 shares of the investment management company’s stock valued at $1,763,000 after buying an additional 11,605 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in BlackRock Multi-Sector Income Trust by 11.4% in the second quarter. Atria Wealth Solutions Inc. now owns 78,203 shares of the investment management company’s stock valued at $1,140,000 after purchasing an additional 8,011 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.82 on Friday. The stock’s 50-day moving average is $14.98 and its 200 day moving average is $14.90. BlackRock Multi-Sector Income Trust has a one year low of $13.97 and a one year high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.1237 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.02%. The ex-dividend date of this dividend was Tuesday, October 15th.

Analysts Set New Price Targets

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

BlackRock Multi-Sector Income Trust Company 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.