BlackRock Multi-Sector (BIT) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its position in shares of BlackRock Multi-Sector (NYSE:BIT) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,187 shares of the investment management company’s stock after selling 6,682 shares during the quarter. Raymond James & Associates owned approximately 0.22% of BlackRock Multi-Sector worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of BIT. LLBH Private Wealth Management LLC lifted its position in shares of BlackRock Multi-Sector by 23.6% during the fourth quarter. LLBH Private Wealth Management LLC now owns 17,914 shares of the investment management company’s stock worth $323,000 after purchasing an additional 3,419 shares in the last quarter. Advisor Group Inc. lifted its position in shares of BlackRock Multi-Sector by 181.3% during the fourth quarter. Advisor Group Inc. now owns 19,628 shares of the investment management company’s stock worth $356,000 after purchasing an additional 12,650 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of BlackRock Multi-Sector by 70.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,910 shares of the investment management company’s stock worth $503,000 after purchasing an additional 11,152 shares in the last quarter. X Square Capital LLC acquired a new position in shares of BlackRock Multi-Sector during the fourth quarter worth approximately $635,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of BlackRock Multi-Sector by 6.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 51,460 shares of the investment management company’s stock worth $934,000 after purchasing an additional 2,913 shares in the last quarter.

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Shares of BIT stock opened at $16.96 on Tuesday. BlackRock Multi-Sector has a 1 year low of $16.56 and a 1 year high of $18.77.

The business also recently announced a monthly dividend, which will be paid on Monday, April 30th. Stockholders of record on Monday, April 16th will be given a dividend of $0.1167 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.26%.

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About BlackRock Multi-Sector

BlackRock Multi-Sector Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income, current gains and capital appreciation. The Trust has investments in various sectors, such as oil, gas and consumable fuels; real estate investment trusts; auto components; automobiles; banks; aerospace and defense; air freight and logistics; beverages; airlines; biotechnology; building products; capital markets; chemicals; containers and packaging; communications equipment; diversified telecommunication services; electric utilities; food and staples retailing; food products; healthcare equipment and supplies; electronic equipment, instruments and components; industrial conglomerates; insurance; Internet software and services; it services; household durables; media; household products; independent power and renewable electricity producers, and metals and mining.

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Institutional Ownership by Quarter for BlackRock Multi-Sector (NYSE:BIT)

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