EP Wealth Advisors LLC Acquires Shares of 11,629 BlackRock Multi-Sector Income Trust (NYSE:BIT)

EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,629 shares of the investment management company’s stock, valued at approximately $170,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its stake in BlackRock Multi-Sector Income Trust by 11.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 68,814 shares of the investment management company’s stock valued at $1,005,000 after acquiring an additional 7,186 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter valued at approximately $4,100,000. Janney Montgomery Scott LLC raised its stake in BlackRock Multi-Sector Income Trust by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock valued at $857,000 after acquiring an additional 995 shares during the last quarter. LPL Financial LLC raised its stake in BlackRock Multi-Sector Income Trust by 15.3% during the 4th quarter. LPL Financial LLC now owns 582,721 shares of the investment management company’s stock valued at $8,508,000 after acquiring an additional 77,324 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in BlackRock Multi-Sector Income Trust by 2.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 33,348 shares of the investment management company’s stock valued at $487,000 after acquiring an additional 946 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 0.2%

BIT opened at $14.44 on Thursday. The business has a 50 day moving average price of $14.10 and a two-hundred day moving average price of $14.48. BlackRock Multi-Sector Income Trust has a 52 week low of $12.50 and a 52 week high of $15.39.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 10.28%. The ex-dividend date is Thursday, May 15th.

BlackRock Multi-Sector Income Trust Company 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.