Principal Securities Inc. Lowers Stock Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Principal Securities Inc. lessened its stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 42.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,071 shares of the investment management company’s stock after selling 6,556 shares during the period. Principal Securities Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $132,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BIT. Geneos Wealth Management Inc. bought a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $27,000. Spire Wealth Management bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $146,000. Walkner Condon Financial Advisors LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $197,000. HighTower Advisors LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter valued at $241,000. Finally, Elm3 Financial Group LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 4th quarter valued at $339,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $14.66 on Wednesday. The firm has a fifty day simple moving average of $14.63 and a two-hundred day simple moving average of $14.78. BlackRock Multi-Sector Income Trust has a twelve month low of $14.22 and a twelve month high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.48 annualized dividend and a yield of 10.13%.

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.