1607 Capital Partners LLC Makes New $2.17 Million Investment in BlackRock Multi-Sector Income Trust $BIT

1607 Capital Partners LLC purchased a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 165,877 shares of the investment management company’s stock, valued at approximately $2,166,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cresta Advisors Ltd. purchased a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth $91,000. Creekmur Asset Management LLC grew its holdings in BlackRock Multi-Sector Income Trust by 50.0% in the third quarter. Creekmur Asset Management LLC now owns 7,079 shares of the investment management company’s stock worth $95,000 after purchasing an additional 2,360 shares during the last quarter. Harbour Investments Inc. purchased a new position in BlackRock Multi-Sector Income Trust in the fourth quarter worth $94,000. Anfield Capital Management LLC purchased a new position in BlackRock Multi-Sector Income Trust in the third quarter worth $99,000. Finally, Comerica Bank grew its holdings in BlackRock Multi-Sector Income Trust by 24.0% in the fourth quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,669 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 1.1%

NYSE BIT opened at $12.35 on Thursday. BlackRock Multi-Sector Income Trust has a 12-month low of $12.20 and a 12-month high of $15.12. The firm’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $12.89.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1237 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.

BlackRock Multi-Sector Income Trust Profile

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.