LPL Financial LLC Sells 25,418 Shares of BlackRock Multi-Sector Income Trust (NYSE:BIT)

LPL Financial LLC cut its holdings in BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Rating) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,720 shares of the investment management company’s stock after selling 25,418 shares during the period. LPL Financial LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $1,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BIT. Raymond James & Associates increased its stake in shares of BlackRock Multi-Sector Income Trust by 6.3% in 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 stake in shares of BlackRock Multi-Sector Income Trust by 6.7% in 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 stake in shares of BlackRock Multi-Sector Income Trust by 18.0% in 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 in the first quarter worth $167,000. Finally, Invesco Ltd. increased its stake 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 purchasing an additional 28,739 shares in the last quarter.

BlackRock Multi-Sector Income Trust Price Performance

Shares of NYSE BIT opened at $14.23 on Wednesday. The firm has a fifty day moving average price of $14.51 and a 200-day moving average price of $14.72. BlackRock Multi-Sector Income Trust has a 1 year low of $13.42 and a 1 year high of $16.75.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.124 per share. The ex-dividend date is Friday, May 12th. This represents a $1.49 annualized dividend and a yield of 10.46%.

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.