Advisors Asset Management Inc. Lowers Holdings in Blackrock Multi-Sector Income Trust (BIT)

Advisors Asset Management Inc. decreased its holdings in shares of Blackrock Multi-Sector Income Trust (NYSE:BIT) by 2.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,426 shares of the investment management company’s stock after selling 5,866 shares during the period. Advisors Asset Management Inc.’s holdings in Blackrock Multi-Sector Income Trust were worth $4,519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BIT. Bank of Montreal Can acquired a new position in Blackrock Multi-Sector Income Trust during the second quarter worth $2,564,000. Bank of America Corp DE raised its holdings in Blackrock Multi-Sector Income Trust by 30.4% during the second quarter. Bank of America Corp DE now owns 483,088 shares of the investment management company’s stock worth $8,256,000 after buying an additional 112,710 shares during the last quarter. Millennium Management LLC acquired a new position in Blackrock Multi-Sector Income Trust during the first quarter worth $1,259,000. Royal Bank of Canada raised its holdings in Blackrock Multi-Sector Income Trust by 32.5% during the first quarter. Royal Bank of Canada now owns 215,997 shares of the investment management company’s stock worth $3,627,000 after buying an additional 52,970 shares during the last quarter. Finally, Creative Planning acquired a new position in Blackrock Multi-Sector Income Trust during the second quarter worth $869,000.

Shares of BIT stock opened at $16.45 on Tuesday. Blackrock Multi-Sector Income Trust has a one year low of $16.35 and a one year high of $18.66.

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Monday, October 15th will be issued a $0.117 dividend. The ex-dividend date is Friday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 8.53%.

Blackrock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.

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Institutional Ownership by Quarter for Blackrock Multi-Sector Income Trust (NYSE:BIT)

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