Steward Partners Investment Advisory LLC Increases Stock Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Steward Partners Investment Advisory LLC raised its stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,814 shares of the investment management company’s stock after purchasing an additional 7,186 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $1,005,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth approximately $27,000. Spire Wealth Management purchased a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth approximately $146,000. Concurrent Investment Advisors LLC grew its position in shares of BlackRock Multi-Sector Income Trust by 13.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock worth $178,000 after acquiring an additional 1,479 shares during the last quarter. Walkner Condon Financial Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth approximately $197,000. Finally, HighTower Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the third quarter worth approximately $241,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT opened at $14.67 on Tuesday. The company’s 50 day simple moving average is $14.69 and its 200-day simple moving average is $14.78. BlackRock Multi-Sector Income Trust has a 12-month low of $14.22 and a 12-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 Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.12%. The ex-dividend date is Friday, March 14th.

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.