Elm3 Financial Group LLC Buys 1,726 Shares of BlackRock Multi-Sector Income Trust $BIT

Elm3 Financial Group LLC raised its stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,261 shares of the investment management company’s stock after acquiring an additional 1,726 shares during the period. Elm3 Financial Group LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $398,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Truist Financial Corp grew its holdings in shares of BlackRock Multi-Sector Income Trust by 8.1% during the 2nd quarter. Truist Financial Corp now owns 116,774 shares of the investment management company’s stock worth $1,705,000 after purchasing an additional 8,743 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in BlackRock Multi-Sector Income Trust by 11.7% during the second quarter. Janney Montgomery Scott LLC now owns 65,493 shares of the investment management company’s stock worth $956,000 after purchasing an additional 6,835 shares during the period. GraniteShares Advisors LLC grew its stake in BlackRock Multi-Sector Income Trust by 6.7% during the second quarter. GraniteShares Advisors LLC now owns 191,623 shares of the investment management company’s stock worth $2,798,000 after buying an additional 11,979 shares in the last quarter. Elequin Capital LP bought a new position in BlackRock Multi-Sector Income Trust in the 1st quarter valued at about $140,000. Finally, Raymond James Financial Inc. increased its holdings in BlackRock Multi-Sector Income Trust by 34.3% in the 1st quarter. Raymond James Financial Inc. now owns 377,072 shares of the investment management company’s stock valued at $5,460,000 after buying an additional 96,283 shares during the period.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE:BIT opened at $13.37 on Tuesday. The firm has a 50 day moving average of $13.93 and a 200-day moving average of $14.14. BlackRock Multi-Sector Income Trust has a 12 month low of $12.50 and a 12 month high of $15.17.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 11.1%.

About BlackRock Multi-Sector Income Trust

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.