HighTower Advisors LLC Acquires New Shares in BlackRock Multi-Sector Income Trust (NYSE:BIT)

HighTower Advisors LLC acquired a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,867 shares of the investment management company’s stock, valued at approximately $241,000.

A number of other institutional investors have also added to or reduced their stakes in BIT. Cyndeo Wealth Partners LLC lifted its stake in BlackRock Multi-Sector Income Trust by 21.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 437,880 shares of the investment management company’s stock worth $6,656,000 after purchasing an additional 77,672 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in BlackRock Multi-Sector Income Trust by 45.0% in the second quarter. Envestnet Asset Management Inc. now owns 205,703 shares of the investment management company’s stock worth $2,999,000 after buying an additional 63,811 shares in the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of BlackRock Multi-Sector Income Trust by 91.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 113,928 shares of the investment management company’s stock worth $1,732,000 after acquiring an additional 54,436 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter valued at $791,000. Finally, Shaker Financial Services LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth about $682,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE BIT opened at $14.37 on Wednesday. BlackRock Multi-Sector Income Trust has a twelve month low of $14.26 and a twelve month high of $15.98. The company has a 50 day moving average of $14.71 and a 200 day moving average of $14.77.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were paid a dividend of $0.1237 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.33%. The ex-dividend date of this dividend was Monday, December 16th.

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.