Readystate Asset Management LP Invests $3.03 Million in BlackRock Multi-Sector Income Trust $BIT

Readystate Asset Management LP bought a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) during the 3rd quarter, HoldingsChannel reports. The fund bought 226,274 shares of the investment management company’s stock, valued at approximately $3,030,000.

Other institutional investors have also added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC increased its position in shares of BlackRock Multi-Sector Income Trust by 23.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 822,380 shares of the investment management company’s stock valued at $11,012,000 after acquiring an additional 153,610 shares during the period. Penserra Capital Management LLC purchased a new position in BlackRock Multi-Sector Income Trust during the 3rd quarter valued at about $6,202,000. Envestnet Asset Management Inc. raised its position in BlackRock Multi-Sector Income Trust by 12.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 327,723 shares of the investment management company’s stock valued at $4,388,000 after purchasing an additional 36,733 shares during the last quarter. Guggenheim Capital LLC raised its position in BlackRock Multi-Sector Income Trust by 66.0% during the 2nd quarter. Guggenheim Capital LLC now owns 271,427 shares of the investment management company’s stock valued at $3,963,000 after purchasing an additional 107,911 shares during the last quarter. Finally, GraniteShares Advisors LLC lifted its holdings in BlackRock Multi-Sector Income Trust by 9.7% in the 3rd quarter. GraniteShares Advisors LLC now owns 210,136 shares of the investment management company’s stock worth $2,814,000 after buying an additional 18,513 shares during the period.

BlackRock Multi-Sector Income Trust Price Performance

BIT opened at $13.16 on Wednesday. The stock’s 50 day moving average price is $13.21 and its 200-day moving average price is $13.42. BlackRock Multi-Sector Income Trust has a 52-week low of $12.50 and a 52-week high of $15.12.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.1237 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 11.3%.

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.