BlackRock Multi-Sector Income Trust $BIT Position Boosted by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its holdings in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 992,981 shares of the investment management company’s stock after purchasing an additional 77,850 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in BlackRock Multi-Sector Income Trust were worth $11,161,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. World Investment Advisors grew its stake in shares of BlackRock Multi-Sector Income Trust by 9.4% in the 4th quarter. World Investment Advisors now owns 12,660 shares of the investment management company’s stock worth $165,000 after buying an additional 1,084 shares in the last quarter. Decision Investments Inc. raised its position in shares of BlackRock Multi-Sector Income Trust by 11.7% during the 1st quarter. Decision Investments Inc. now owns 19,350 shares of the investment management company’s stock valued at $242,000 after buying an additional 2,020 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in BlackRock Multi-Sector Income Trust during the second quarter valued at approximately $29,000. Rockefeller Capital Management L.P. raised its holdings in BlackRock Multi-Sector Income Trust by 5.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 49,727 shares of the investment management company’s stock valued at $649,000 after buying an additional 2,409 shares during the period. Finally, CoreCap Advisors LLC lifted its position in BlackRock Multi-Sector Income Trust by 76.9% in the second quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock worth $86,000 after buying an additional 3,000 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 0.6%

NYSE BIT opened at $11.10 on Friday. The company has a fifty day moving average of $11.66 and a two-hundred day moving average of $12.21. BlackRock Multi-Sector Income Trust has a 52 week low of $11.03 and a 52 week high of $13.44.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.1237 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.48 annualized dividend and a dividend yield of 13.4%.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company advised by BlackRock Advisors, LLC. The Trust seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The Trust invests in a diversified, actively managed portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, government and agency securities, mortgage-backed and asset-backed securities, bank loans, emerging-market debt, and other credit-related instruments.