BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) announced a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.1237 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Friday, August 14th.
BlackRock Multi-Sector Income Trust Price Performance
Shares of BIT opened at $12.29 on Wednesday. The firm has a 50-day moving average of $12.39 and a 200-day moving average of $12.66. BlackRock Multi-Sector Income Trust has a one year low of $12.12 and a one year high of $15.12.
Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust
A number of institutional investors have recently bought and sold shares of the business. EP Wealth Advisors LLC acquired a new position in BlackRock Multi-Sector Income Trust during the second quarter worth approximately $140,000. LaSalle St. Investment Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth approximately $139,000. IMC Chicago LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth approximately $239,000. Global Retirement Partners LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth approximately $29,000. Finally, CoreCap Advisors LLC increased its holdings in shares of BlackRock Multi-Sector Income Trust by 76.9% during the 2nd quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock worth $86,000 after acquiring an additional 3,000 shares during the last quarter.
BlackRock Multi-Sector Income Trust Company Profile
BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.
The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.
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