BlackRock Multi-Sector Income Trust (NYSE:BIT) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Rating) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,983 shares of the investment management company’s stock after purchasing an additional 2,186 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $826,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in BlackRock Multi-Sector Income Trust during the 2nd quarter valued at $50,000. SeaCrest Wealth Management LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the 2nd quarter valued at $61,000. CoreCap Advisors LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the 2nd quarter valued at $128,000. Nations Financial Group Inc. IA ADV acquired a new stake in BlackRock Multi-Sector Income Trust during the 1st quarter valued at $167,000. Finally, Advisory Services Network LLC acquired a new stake in BlackRock Multi-Sector Income Trust during the 1st quarter valued at $173,000.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BIT stock opened at $14.97 on Monday. BlackRock Multi-Sector Income Trust has a 1-year low of $13.42 and a 1-year high of $17.19. The firm has a fifty day moving average of $14.68 and a two-hundred day moving average of $15.03.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be issued a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 9.92%. The ex-dividend date of this dividend is Thursday, January 12th.

About BlackRock Multi-Sector Income Trust

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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.