Cetera Investment Advisers Boosts Stake in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Cetera Investment Advisers increased its position in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 21.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 57,594 shares of the investment management company’s stock after purchasing an additional 10,362 shares during the period. Cetera Investment Advisers’ holdings in BlackRock Multi-Sector Income Trust were worth $834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 30.1% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 733,880 shares of the investment management company’s stock valued at $10,627,000 after purchasing an additional 170,000 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 4.7% in the 4th quarter. Ameriprise Financial Inc. now owns 490,059 shares of the investment management company’s stock valued at $7,151,000 after purchasing an additional 21,972 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $4,100,000. Envestnet Asset Management Inc. raised its stake in BlackRock Multi-Sector Income Trust by 35.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 266,453 shares of the investment management company’s stock valued at $3,858,000 after acquiring an additional 69,337 shares during the last quarter. Finally, GraniteShares Advisors LLC raised its stake in BlackRock Multi-Sector Income Trust by 6.5% during the 1st quarter. GraniteShares Advisors LLC now owns 179,644 shares of the investment management company’s stock valued at $2,601,000 after acquiring an additional 10,890 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Up 0.4%

BIT opened at $14.89 on Thursday. The business has a 50 day moving average price of $14.57 and a two-hundred day moving average price of $14.41. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.21.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a yield of 10.0%.

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.