Janney Montgomery Scott LLC Acquires 995 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Janney Montgomery Scott LLC grew its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,673 shares of the investment management company’s stock after acquiring an additional 995 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $857,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its position in BlackRock Multi-Sector Income Trust by 14.2% during the third quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock worth $2,980,000 after purchasing an additional 24,447 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in BlackRock Multi-Sector Income Trust by 21.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 437,880 shares of the investment management company’s stock worth $6,656,000 after acquiring an additional 77,672 shares during the period. International Assets Investment Management LLC acquired a new position in BlackRock Multi-Sector Income Trust in the third quarter valued at approximately $1,650,000. Shaker Financial Services LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the third quarter worth $682,000. Finally, Wolverine Asset Management LLC raised its stake in BlackRock Multi-Sector Income Trust by 76.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 95,566 shares of the investment management company’s stock worth $1,453,000 after buying an additional 41,324 shares during the period.

BlackRock Multi-Sector Income Trust Price Performance

NYSE BIT opened at $14.76 on Friday. BlackRock Multi-Sector Income Trust has a 12-month low of $14.22 and a 12-month high of $15.98. The company has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $14.77.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.1237 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.06%.

About BlackRock Multi-Sector Income Trust

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.