51,883 Shares in BlackRock Multi-Sector Income Trust $BIT Purchased by Wealth Care LLC

Wealth Care LLC bought a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 51,883 shares of the investment management company’s stock, valued at approximately $650,000.

Other large investors have also recently bought and sold shares of the company. Rivernorth Capital Management LLC lifted its stake in shares of BlackRock Multi-Sector Income Trust by 0.9% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,763,718 shares of the investment management company’s stock worth $23,034,000 after acquiring an additional 15,322 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust by 1.8% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 837,581 shares of the investment management company’s stock valued at $10,939,000 after acquiring an additional 15,201 shares in the last quarter. Royal Bank of Canada increased its stake in shares of BlackRock Multi-Sector Income Trust by 76.7% during the fourth quarter. Royal Bank of Canada now owns 681,655 shares of the investment management company’s stock valued at $8,903,000 after acquiring an additional 295,974 shares during the period. Invesco Ltd. increased its stake in shares of BlackRock Multi-Sector Income Trust by 53.8% during the fourth quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock valued at $8,796,000 after acquiring an additional 235,625 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in BlackRock Multi-Sector Income Trust by 17.6% during the third quarter. Ameriprise Financial Inc. now owns 512,573 shares of the investment management company’s stock worth $6,829,000 after purchasing an additional 76,610 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

BIT opened at $12.51 on Wednesday. BlackRock Multi-Sector Income Trust has a 1-year low of $12.20 and a 1-year high of $15.12. The business has a 50 day moving average price of $12.56 and a two-hundred day moving average price of $12.84.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.1237 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.9%.

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.