Wolverine Asset Management LLC Invests $922,000 in BlackRock Multi-Sector Income Trust $BIT

Wolverine Asset Management LLC acquired a new position in BlackRock Multi-Sector Income Trust (NYSE:BIT) in the 4th quarter, Holdings Channel reports. The firm acquired 70,561 shares of the investment management company’s stock, valued at approximately $922,000.

Other large investors also recently made changes to their positions in the company. Creekmur Asset Management LLC increased its position in shares of 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 acquiring an additional 2,360 shares in the last quarter. Anfield Capital Management LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $99,000. Comerica Bank increased its position in shares of 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 acquiring an additional 1,669 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $155,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the third quarter worth $161,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $12.84 on Thursday. BlackRock Multi-Sector Income Trust has a 52-week low of $12.21 and a 52-week high of $15.12. The firm has a fifty day moving average of $12.71 and a 200-day moving average of $13.02.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.1237 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 11.6%.

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.