Raymond James Financial Inc. Invests $4.10 Million in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Raymond James Financial Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 280,789 shares of the investment management company’s stock, valued at approximately $4,100,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cyndeo Wealth Partners LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust by 28.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock worth $8,233,000 after purchasing an additional 126,000 shares in the last quarter. GraniteShares Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at approximately $2,464,000. Thrivent Financial for Lutherans increased its position in BlackRock Multi-Sector Income Trust by 17.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 133,182 shares of the investment management company’s stock worth $2,024,000 after purchasing an additional 20,000 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter worth $1,539,000. Finally, Atria Wealth Solutions Inc. increased its stake in shares of BlackRock Multi-Sector Income Trust by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 100,338 shares of the investment management company’s stock valued at $1,465,000 after buying an additional 5,825 shares during the period.

BlackRock Multi-Sector Income Trust Trading Down 0.0 %

NYSE:BIT opened at $14.52 on Thursday. BlackRock Multi-Sector Income Trust has a one year low of $14.22 and a one year high of $15.98. The firm’s 50 day simple moving average is $14.66 and its 200 day simple moving average is $14.74.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 10.23%. 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.