Private Advisor Group LLC Has $1 Million Position in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Private Advisor Group LLC cut its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,484 shares of the investment management company’s stock after selling 14,563 shares during the quarter. Private Advisor Group LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $1,000,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter worth about $27,000. Spire Wealth Management bought a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter worth about $146,000. Walkner Condon Financial Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth approximately $197,000. HighTower Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the third quarter valued at approximately $241,000. Finally, Elm3 Financial Group LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $339,000.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE BIT opened at $14.71 on Friday. The stock’s 50 day simple moving average is $14.65 and its 200 day simple moving average is $14.78. BlackRock Multi-Sector Income Trust has a one year low of $14.22 and a one year high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.1237 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.09%.

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.