BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.59 and traded as high as $12.59. BlackRock Multi-Sector Income Trust shares last traded at $12.5850, with a volume of 228,582 shares trading hands.
BlackRock Multi-Sector Income Trust Stock Up 0.1%
The stock has a fifty day moving average of $12.59 and a 200-day moving average of $12.94.
Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $28,000. Cresta Advisors Ltd. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $91,000. Harbour Investments Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter valued at about $94,000. Creekmur Asset Management LLC boosted its stake in shares of BlackRock Multi-Sector Income Trust by 50.0% in the 3rd quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock valued at $95,000 after buying an additional 2,360 shares during the period. Finally, Anfield Capital Management LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter valued at about $99,000.
BlackRock Multi-Sector Income Trust Company 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.
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