Readystate Asset Management LP Purchases Shares of 226,274 BlackRock Multi-Sector Income Trust $BIT

Readystate Asset Management LP acquired a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 226,274 shares of the investment management company’s stock, valued at approximately $3,030,000.

Other institutional investors have also recently modified their holdings of the company. Founders Financial Alliance LLC bought a new stake in BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $231,000. Capital Investment Advisory Services LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the third quarter worth approximately $1,000,000. ELCO Management Co. LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $893,000. Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 12.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 327,723 shares of the investment management company’s stock worth $4,388,000 after acquiring an additional 36,733 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 3rd quarter valued at $6,202,000.

BlackRock Multi-Sector Income Trust Stock Up 0.0%

BIT stock opened at $13.16 on Wednesday. The firm’s fifty day moving average is $13.21 and its 200 day moving average 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 announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.1237 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Multi-Sector Income Trust 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.