BlackRock Multi-Sector Income Trust (NYSE:BIT) Shares Pass Above 50 Day Moving Average – Should You Sell?

BlackRock Multi-Sector Income Trust (NYSE:BIT) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.60 and traded as high as $12.67. BlackRock Multi-Sector Income Trust shares last traded at $12.5150, with a volume of 186,396 shares.

BlackRock Multi-Sector Income Trust Trading Down 1.1%

The company has a 50-day moving average price of $12.60 and a 200-day moving average price of $12.92.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

Institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the third quarter worth approximately $1,000,000. Shaker Financial Services LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter worth approximately $2,180,000. Yakira Capital Management Inc. acquired a new stake in BlackRock Multi-Sector Income Trust in the third quarter worth approximately $4,110,000. Rareview Capital LLC lifted its position in BlackRock Multi-Sector Income Trust by 55.1% in the fourth quarter. Rareview Capital LLC now owns 122,325 shares of the investment management company’s stock worth $1,598,000 after purchasing an additional 43,448 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in BlackRock Multi-Sector Income Trust in the third quarter worth approximately $6,202,000.

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.