Western Wealth Management LLC Trims Stake in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Western Wealth Management LLC decreased its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 24.1% during the fourth quarter, Holdings Channel reports. The fund owned 12,604 shares of the investment management company’s stock after selling 3,992 shares during the period. Western Wealth Management LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $189,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BIT. Sunesis Advisors LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $354,000. Commonwealth Equity Services LLC boosted its stake in shares of BlackRock Multi-Sector Income Trust by 4.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 34,518 shares of the investment management company’s stock worth $499,000 after buying an additional 1,321 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of BlackRock Multi-Sector Income Trust by 24.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 103,425 shares of the investment management company’s stock worth $1,497,000 after buying an additional 20,059 shares during the last quarter. Raymond James & Associates boosted its stake in shares of BlackRock Multi-Sector Income Trust by 3.5% in the 3rd quarter. Raymond James & Associates now owns 174,452 shares of the investment management company’s stock worth $2,524,000 after buying an additional 5,854 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of BlackRock Multi-Sector Income Trust by 2.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 205,017 shares of the investment management company’s stock worth $2,967,000 after buying an additional 5,031 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Up 0.9 %

Shares of BlackRock Multi-Sector Income Trust stock opened at $15.27 on Tuesday. BlackRock Multi-Sector Income Trust has a one year low of $13.65 and a one year high of $15.98. The stock’s fifty day moving average is $15.50 and its 200 day moving average is $15.10.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.124 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.49 dividend on an annualized basis and a yield of 9.74%.

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.