US Bancorp DE Reduces Stock Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

US Bancorp DE reduced its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 24.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,127 shares of the investment management company’s stock after selling 998 shares during the period. US Bancorp DE’s holdings in BlackRock Multi-Sector Income Trust were worth $48,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the third quarter valued at $1,650,000. Verus Capital Partners LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth approximately $219,000. Wolverine Asset Management LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth about $791,000. NewEdge Advisors LLC increased its holdings in BlackRock Multi-Sector Income Trust by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 72,704 shares of the investment management company’s stock valued at $1,060,000 after purchasing an additional 3,140 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of 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 buying an additional 8,011 shares in the last quarter.

Analyst Upgrades and Downgrades

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

BlackRock Multi-Sector Income Trust Stock Down 1.3 %

NYSE BIT opened at $14.60 on Monday. BlackRock Multi-Sector Income Trust has a 12 month low of $14.39 and a 12 month high of $15.98. The firm’s fifty day moving average price is $14.94 and its 200 day moving average price is $14.87.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.1237 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.17%. The ex-dividend date is Friday, November 15th.

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.