Advisory Services Network LLC Sells 1,425 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

Advisory Services Network LLC reduced its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,290 shares of the investment management company’s stock after selling 1,425 shares during the quarter. Advisory Services Network LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $282,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the 4th quarter valued at $27,000. Spire Wealth Management bought a new position in BlackRock Multi-Sector Income Trust in the fourth quarter valued at about $146,000. StoneX Group Inc. acquired a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter valued at about $151,000. Concurrent Investment Advisors LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust by 13.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock worth $178,000 after purchasing an additional 1,479 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $197,000.

BlackRock Multi-Sector Income Trust Price Performance

BIT opened at $13.71 on Friday. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.50 and a fifty-two week high of $15.50. The company’s 50 day moving average price is $14.32 and its two-hundred day moving average price is $14.58.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.1237 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.48 dividend on an annualized basis and a yield of 10.83%.

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.