BlackRock Multi-Sector Income Trust $BIT Position Trimmed by Sit Investment Associates Inc.

Sit Investment Associates Inc. lowered its position in shares of BlackRock Multi-Sector Income Trust (NYSE:BIT) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,961,943 shares of the investment management company’s stock after selling 88,322 shares during the period. BlackRock Multi-Sector Income Trust accounts for 1.3% of Sit Investment Associates Inc.’s portfolio, making the stock its 15th biggest holding. Sit Investment Associates Inc.’s holdings in BlackRock Multi-Sector Income Trust were worth $64,803,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cresta Advisors Ltd. bought a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth about $91,000. Creekmur Asset Management LLC grew its position in shares of BlackRock Multi-Sector Income Trust by 50.0% during 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 during the last quarter. Harbour Investments Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth about $94,000. Anfield Capital Management LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the third quarter worth about $99,000. Finally, Comerica Bank grew its position in shares of BlackRock Multi-Sector Income Trust by 24.0% during 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 during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

BlackRock Multi-Sector Income Trust stock opened at $12.60 on Friday. The company has a 50-day simple moving average of $12.62 and a 200-day simple moving average of $12.91. BlackRock Multi-Sector Income Trust has a one year low of $12.20 and a one year high of $15.12.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1237 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 11.8%.

About BlackRock Multi-Sector Income Trust

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.