66,655 Shares in BlackRock Multi-Sector Income Trust $BIT Purchased by ELCO Management Co. LLC

ELCO Management Co. LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 66,655 shares of the investment management company’s stock, valued at approximately $893,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of BlackRock Multi-Sector Income Trust by 12.6% during the third quarter. Envestnet Asset Management Inc. now owns 327,723 shares of the investment management company’s stock valued at $4,388,000 after buying an additional 36,733 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the 3rd quarter valued at approximately $6,202,000. Thrivent Financial for Lutherans increased its position in BlackRock Multi-Sector Income Trust by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 203,724 shares of the investment management company’s stock valued at $2,728,000 after acquiring an additional 50,929 shares during the period. TrueMark Investments LLC bought a new stake in BlackRock Multi-Sector Income Trust during the 3rd quarter valued at $287,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in BlackRock Multi-Sector Income Trust during the 3rd quarter worth $155,000.

BlackRock Multi-Sector Income Trust Price Performance

NYSE:BIT opened at $13.26 on Thursday. BlackRock Multi-Sector Income Trust has a 1 year low of $12.50 and a 1 year high of $15.12. The business has a fifty day moving average of $13.20 and a 200-day moving average of $13.51.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.1237 dividend. This represents a c) dividend on an annualized basis and a yield of 11.2%. The ex-dividend date is Friday, March 13th.

About BlackRock Multi-Sector Income Trust

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.