Capital Investment Advisory Services LLC Makes New Investment in BlackRock Multi-Sector Income Trust $BIT

Capital Investment Advisory Services LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 3rd quarter, HoldingsChannel reports. The fund acquired 74,692 shares of the investment management company’s stock, valued at approximately $1,000,000.

Several other large investors also recently modified their holdings of BIT. Cyndeo Wealth Partners LLC lifted its holdings in BlackRock Multi-Sector Income Trust by 23.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 822,380 shares of the investment management company’s stock worth $11,012,000 after buying an additional 153,610 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $6,202,000. Envestnet Asset Management Inc. increased 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 acquiring an additional 36,733 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of BlackRock Multi-Sector Income Trust by 66.0% in the second quarter. Guggenheim Capital LLC now owns 271,427 shares of the investment management company’s stock worth $3,963,000 after buying an additional 107,911 shares in the last quarter. Finally, GraniteShares Advisors LLC raised its stake in shares of BlackRock Multi-Sector Income Trust by 9.7% in the third quarter. GraniteShares Advisors LLC now owns 210,136 shares of the investment management company’s stock worth $2,814,000 after purchasing an additional 18,513 shares during the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

Shares of NYSE:BIT opened at $13.28 on Friday. The business has a 50-day simple moving average of $13.20 and a two-hundred day simple moving average of $13.50. BlackRock Multi-Sector Income Trust has a fifty-two week low of $12.50 and a fifty-two week high of $15.12.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 of this dividend 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.