Raymond James & Associates Has $2.30 Million Stock Holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT)

Raymond James & Associates lifted its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Rating) by 17.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 161,773 shares of the investment management company’s stock after acquiring an additional 23,844 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Multi-Sector Income Trust were worth $2,304,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BIT. Invesco Ltd. boosted its position in shares of BlackRock Multi-Sector Income Trust by 7.2% in the first quarter. Invesco Ltd. now owns 427,486 shares of the investment management company’s stock worth $7,045,000 after buying an additional 28,739 shares during the period. SMH Capital Advisors Inc. boosted its position in shares of BlackRock Multi-Sector Income Trust by 142.8% in the second quarter. SMH Capital Advisors Inc. now owns 36,773 shares of the investment management company’s stock worth $400,000 after buying an additional 21,630 shares during the period. Wolverine Asset Management LLC boosted its position in BlackRock Multi-Sector Income Trust by 79.2% during the second quarter. Wolverine Asset Management LLC now owns 44,760 shares of the investment management company’s stock valued at $636,000 after purchasing an additional 19,788 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in BlackRock Multi-Sector Income Trust by 98.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,122 shares of the investment management company’s stock valued at $542,000 after purchasing an additional 18,913 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in BlackRock Multi-Sector Income Trust during the first quarter valued at $273,000.

BlackRock Multi-Sector Income Trust Price Performance

BIT 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 stock has a fifty day moving average price of $14.68 and a 200 day moving average price of $15.03.

BlackRock Multi-Sector Income Trust Dividend Announcement

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

BlackRock Multi-Sector Income Trust Company 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.