57,616 Shares in BlackRock Multi-Sector Income Trust $BIT Purchased by Riverbridge Partners LLC

Riverbridge Partners LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 57,616 shares of the investment management company’s stock, valued at approximately $771,000.

Several other hedge funds have also recently bought and sold shares of the company. Creekmur Asset Management LLC raised its position in shares of BlackRock Multi-Sector Income Trust by 161.4% in the 2nd quarter. Creekmur Asset Management LLC now owns 4,719 shares of the investment management company’s stock valued at $69,000 after buying an additional 2,914 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in BlackRock Multi-Sector Income Trust by 15.1% in the second quarter. Concurrent Investment Advisors LLC now owns 14,069 shares of the investment management company’s stock valued at $205,000 after acquiring an additional 1,849 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in BlackRock Multi-Sector Income Trust during the second quarter valued at approximately $210,000. Wedbush Securities Inc. bought a new stake in BlackRock Multi-Sector Income Trust during the second quarter worth $212,000. Finally, GWN Securities Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter valued at $213,000.

BlackRock Multi-Sector Income Trust Trading Down 0.6%

Shares of BIT opened at $13.07 on Tuesday. BlackRock Multi-Sector Income Trust has a 52-week low of $12.50 and a 52-week high of $15.12. The business’s fifty day moving average is $13.18 and its 200-day moving average is $13.80.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a $0.1237 dividend. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Monday, December 22nd.

BlackRock Multi-Sector Income Trust 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.