Beta Wealth Group Inc. Buys New Holdings in BlackRock Multi-Sector Income Trust $BIT

Beta Wealth Group Inc. bought a new stake in BlackRock Multi-Sector Income Trust (NYSE:BIT) during the fourth quarter, HoldingsChannel reports. The fund bought 142,579 shares of the investment management company’s stock, valued at approximately $1,862,000.

Other large investors have also recently bought and sold shares of the company. Cresta Advisors Ltd. purchased a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $91,000. Harbour Investments Inc. purchased a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter valued at approximately $94,000. Creekmur Asset Management LLC boosted its position in BlackRock Multi-Sector Income Trust by 50.0% in the 3rd 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 in the last quarter. Anfield Capital Management LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $99,000. Finally, Comerica Bank boosted its position in BlackRock Multi-Sector Income Trust by 24.0% in the 4th 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 in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

BlackRock Multi-Sector Income Trust stock opened at $12.57 on Friday. BlackRock Multi-Sector Income Trust has a 12 month low of $12.20 and a 12 month high of $15.12. The stock’s 50 day simple moving average is $12.62 and its two-hundred day simple moving average is $12.91.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.1237 dividend. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock Multi-Sector Income Trust Company 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.