Janney Montgomery Scott LLC Raises Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Janney Montgomery Scott LLC increased its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Rating) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 53,197 shares of the investment management company’s stock after purchasing an additional 825 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $758,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BIT. Raymond James & Associates increased its position in shares of BlackRock Multi-Sector Income Trust by 6.3% during the first quarter. Raymond James & Associates now owns 119,240 shares of the investment management company’s stock worth $1,965,000 after purchasing an additional 7,065 shares in the last quarter. Cetera Investment Advisers increased its position in shares of BlackRock Multi-Sector Income Trust by 6.7% during the first quarter. Cetera Investment Advisers now owns 11,602 shares of the investment management company’s stock worth $191,000 after purchasing an additional 725 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of BlackRock Multi-Sector Income Trust by 18.0% during the first quarter. NewEdge Advisors LLC now owns 53,816 shares of the investment management company’s stock worth $887,000 after purchasing an additional 8,196 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the first quarter worth approximately $167,000. Finally, Invesco Ltd. increased its position in shares of BlackRock Multi-Sector Income Trust by 7.2% during the first quarter. Invesco Ltd. now owns 427,486 shares of the investment management company’s stock worth $7,045,000 after purchasing an additional 28,739 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE:BIT opened at $14.92 on Friday. The business has a fifty day moving average of $14.68 and a two-hundred day moving average of $15.01. BlackRock Multi-Sector Income Trust has a 52-week low of $13.42 and a 52-week high of $17.40.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be issued a $0.1237 dividend. This represents a $1.48 annualized dividend and a yield of 9.95%. The ex-dividend date of this dividend is Thursday, January 12th.

BlackRock Multi-Sector Income Trust Profile

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BlackRock Multi-Sector Income Trust is a closed-end management investment company. It invests in asset-backed and mortgage-backed securities, collateralized debt obligations, multiple class pass-through securities, zero-coupon bonds, capital trusts and trust preferred securities, preferred stock, floating rate loan interests, forward commitments and when-issued delayed delivery securities, mortgage dollar roll transactions, and reverse repurchase agreements.