Cyndeo Wealth Partners LLC Reduces Position in BlackRock Multi-Sector Income Trust $BIT

Cyndeo Wealth Partners LLC lessened its stake in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 668,770 shares of the investment management company’s stock after selling 65,110 shares during the period. Cyndeo Wealth Partners LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $9,764,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Walkner Condon Financial Advisors LLC lifted its stake in BlackRock Multi-Sector Income Trust by 5.5% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 14,243 shares of the investment management company’s stock valued at $206,000 after acquiring an additional 743 shares during the period. Private Trust Co. NA lifted its stake in BlackRock Multi-Sector Income Trust by 21.7% during the 1st quarter. Private Trust Co. NA now owns 5,242 shares of the investment management company’s stock valued at $76,000 after acquiring an additional 933 shares during the period. Golden State Wealth Management LLC lifted its stake in BlackRock Multi-Sector Income Trust by 103.9% during the 1st quarter. Golden State Wealth Management LLC now owns 2,196 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,119 shares during the period. Elm3 Financial Group LLC lifted its stake in BlackRock Multi-Sector Income Trust by 6.8% during the 2nd quarter. Elm3 Financial Group LLC now owns 27,261 shares of the investment management company’s stock valued at $398,000 after acquiring an additional 1,726 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the 1st quarter valued at approximately $48,000.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE BIT opened at $13.41 on Friday. BlackRock Multi-Sector Income Trust has a 12 month low of $12.50 and a 12 month high of $15.14. The company has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $14.12.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.1237 per share. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Wednesday, October 15th.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.