LPL Financial LLC Boosts Stock Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

LPL Financial LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 15.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 582,721 shares of the investment management company’s stock after buying an additional 77,324 shares during the period. LPL Financial LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $8,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $4,100,000. GraniteShares Advisors LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $2,464,000. Cyndeo Wealth Partners LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 28.8% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock valued at $8,233,000 after buying an additional 126,000 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at $1,539,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter worth $358,000.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE BIT opened at $13.37 on Friday. The company has a fifty day moving average of $14.60 and a two-hundred day moving average of $14.70. BlackRock Multi-Sector Income Trust has a 1 year low of $12.98 and a 1 year high of $15.72.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a $0.1237 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.11%.

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.