Cyndeo Wealth Partners LLC Purchases 77,850 Shares of BlackRock Multi-Sector Income Trust $BIT

Cyndeo Wealth Partners LLC lifted its position in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 8.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 992,981 shares of the investment management company’s stock after purchasing an additional 77,850 shares during the period. Cyndeo Wealth Partners LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $11,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Shaker Financial Services LLC raised its position in BlackRock Multi-Sector Income Trust by 6.0% during the 3rd quarter. Shaker Financial Services LLC now owns 85,695 shares of the investment management company’s stock valued at $963,000 after purchasing an additional 4,879 shares in the last quarter. Rareview Capital LLC lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 9.7% in the 2nd quarter. Rareview Capital LLC now owns 162,069 shares of the investment management company’s stock worth $2,029,000 after buying an additional 14,306 shares during the period. IMC Chicago LLC purchased a new stake in shares of BlackRock Multi-Sector Income Trust in the 2nd quarter worth $239,000. Wedbush Securities Inc. grew its position in shares of BlackRock Multi-Sector Income Trust by 31.6% during the 2nd quarter. Wedbush Securities Inc. now owns 19,514 shares of the investment management company’s stock worth $244,000 after buying an additional 4,682 shares in the last quarter. Finally, Almitas Capital LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth $245,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BlackRock Multi-Sector Income Trust stock opened at $11.10 on Friday. BlackRock Multi-Sector Income Trust has a 12 month low of $11.03 and a 12 month high of $13.44. The stock’s fifty day moving average price is $11.66 and its 200-day moving average price is $12.21.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 13.4%. The ex-dividend date is Friday, December 11th.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company advised by BlackRock Advisors, LLC. The Trust seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The Trust invests in a diversified, actively managed portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, government and agency securities, mortgage-backed and asset-backed securities, bank loans, emerging-market debt, and other credit-related instruments.